olt Enterprises recently paid a dividend, D0, of $2.00. It expects to have nonconstant growth of 16% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 11%. The firm's horizon, or continuing, value is 39.98 What is the firm's intrinsic value today, P0? Round your answer to two decimal places. Do not round your intermediate calculations.