Question $3(1$ point$)$

Hart Enterprises recently paid a dividend of $$3\mathrm{.}70.$ It expects to have nonconstant growth of $42\mathrm{.}00\%$ for $3$ years followed by a constant rate of $7\mathrm{.}70\%$ thereafter. The firm's required return is $12\mathrm{.}70\%.$

a$.$ What is the horizon, or continuing, value?

b$.$ What is the intrinsic value today?

a$)$ $$228\mathrm{.}198$; b$)$ $$238\mathrm{.}792$

a$)$ $$228\mathrm{.}198$; b$)$ $$177\mathrm{.}356$

a$)$ $$231\mathrm{.}898$; b$)$ $$238\mathrm{.}792$

a$)$ $$231\mathrm{.}898$; b$)$ $$177\mathrm{.}356$