Holt Enterprises recently paid a dividend, Do of $2.75. It expects to have nonconstant growth of 19% for 2 years followed by a constant rate of 10% thereafter The firm's required return is 18% 3. How far away is the horizon date 1. The terminal, or horizon, dat is the date when the growth rate becomes constant. This occurs at the beginning of Year 2 II. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 III. The terminal, or hormon, dat is infinity since common stocks do not have a maturity date IV. The terminal, or horizon, date is Year since the value of a common stock is the present value of all future expected dividends at time to V. The terminal, or horizon, dat is the date when the growth rate becomes na constant. This curs at time zero. b. What is the firm's horizon, or continuing value? Do not round intermediate calculations Round your answer to the nearest cent. 5 c. What is the firm's intrinsic value today, Po? Do not round intermediate calculations, Roand your answer to the nearest cent