Suppore that the firm recently paid a dividend De=32.20. It expects to have nenconstant grewth of ry=108= for 2 years and then a constant rate of za4=6s thereafter. The firmis required retum is ri=94 According to the problem wakcthrough video, what is the formula for the terminal, or cooknuing value, at the end of year 2 ? r2=(7nr2=(1+c)nr2=x1nr2=(1+e)n According to the problem walk-through video, what is the formula for the firm's intrinsic value today? N0=(1+r)D+(1+C)n+(1+C)BD=(1+C)D+(1+C)D+(1+)D+(1+C)BP=(1+e)Bm=(1+e)n+(1+e)n+r2 The firm's herizon value is The fim's intrinsic value is Step 3i Practicet Nonconstant Growth Valuation Now it's time for you to practice what yourve learned. Suppose that the firm recently paid a dividend $2.20. It expects to have nonconstant growth of 10% for 3 years and then a constant rate of 6% thereater, The firm's required return is 9%. The firm's horizon, or continuling, value is and its intrinsic value today is