Holt Enterprises recently paid a dividend, Do. of $3,50. It expects to have no constant growth of 16% for 2 years followed by a constant rate of 7% thereafter. The firm's required return is 12%. 3. How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 11. The terminal, or horizon, date is Infinity sioce common stocks do not have a maturity date III. The terminal, or horizon, dat is Year O since the value of a common stock is the present value of all future expected dividends at time zero IV. The terminal, or horizon, date is the date when the growth rate becomes no constant. The occurs at time zero V. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. b. What is the firm's horizon, or continuing, value? Do not round Intermediate calculations, Round your answer to the nearest cent. 5 What is the firm's intrinsic value today, Po ? Do not round intermediate calculations. Pound your answer to the nearest cont Computech Corporation is expanding rapidly and currently needs to retain all of its earnings hence, it does not pay dividends were lessed Computach to begin paying dividends, beginning with a dividend of $0.50 coming years from today. The dividend should grow rapidly-tate of 30 per year during years and 5, but after years, growth should be a constant 8% per year. If the required return on Computech is 12%, nhat is the value of the stock today? Do not mund intermediate calculations, Round your answer to the nearest cont