Holt Enterprises recently poid o dividend, D6, of $3.00. Tt expects to have nonconstant growh of 25% for 2 vears followed by a constant rate of 10% thereafter, The firm's required return is 17%. a. 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 . tt. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. III. The termihal, of horizon, date is Year 0 since the value of a common stack 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 noncolstant. This occurs at time zera. . 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 horiton, or continuing, value? Do not round intermediate calculotions, Round your answer to the nearest cent. \$ c. What is the firm's intrimsic value today, P^0>00 not round intermediate calculations, Round vour answer to the nearest cent