Molt Enterprises recently paid a dividend, Dor of $3.75. It expects to have nontonstant gronth of 2.2% for 2 years folowed by a constant rate of 7% thereafter. The firm's required return is 15%. a. How far away is the horizon eate? 1. The terminal, or hocizon, date is the tate when the orooth rate becomes constant. This occurs at the end of year 2. It. The terminal, or borizon, date is infinity since common stocks do not have a maturity dxte. iil. The terminal, of horizon, date is Year 0 since the value of a conmon 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 nonconstant, This occurs at time zera. v. The terminal, of 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 horkon, of consinulng, value? Do not round intemediate calcolatisns. nound your answer to the nearest cent. 1 c. What is the firmis intrinsic vaiue todan, P^0 Do not rovind intermediate calciations. Rooud Your answer to the nearest cent. 3