Holt Enterprises recently poid a dividend, Da, of 33.75. It expects to have nonconstant grovith of 18% for 2 years followed by a constant rate of 5% thereaftee. The firm's required return is 15% a. How for away is the horizon dote? 1. The teiminal, or horizon, date is infinity since common stocis do not have a maturity date. II. The terminal, or horizon, date is Year 0 since the value of a common stock is the preient valuet of all future expected dividends at time zero. III. Tho terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero: IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. V. The teiminal, or herizon, date is the date when the growth rate becomes constant, This occurs at the end of Year 2 . b. What is the firm's horizon, or continuing, value? Do not round intermediate colculotons. Round your answer to the nearest cent. 5 c. What is the firm's intrinsic value todsy, P^0 ? Do not round intermedinte colculations, Round your answer to the nearest cent. 5