Holt Enterprises recently paid a dividend, Do, of $2.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 3% thereafter. The firm's required return is 10to. a. How tar away is the horizon date? 1. The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero. 15. The terminal, of horizon, dete is the date when the growth rate becomes nonconstant. This occurs at time sero. Iit. The terminal, or horizon, date is the dete when the growth rate becomes constant. This occurs at the beginaing of Year 2. IV. The terminal, or horizon, dote is the date when the growth rote becomes constant. This occurs at the end of Year 2. V. The terminal, of heriton, date is infinity since common stocks do not have a maturity date. b. What is the firm's horison, or continuing, value? Do not round intermediate calculatione. Hound your answer to the nearest cent. 4 c. What is the firm's intrnnic vave tedsy. Po > Do not round intermediate calculations. Round your answer to the nearest cent