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Valley Enterprises Inc has recently paid a dividend (Do) of $3.25/share. The dividend growth next year is expected to be 20% and the following year,

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Valley Enterprises Inc has recently paid a dividend (Do) of $3.25/share. The dividend growth next year is expected to be 20% and the following year, 15%. From the third year onwards, the company is expected to have constant growth rate in dividends of 5%/year for the rest of the life of the corporation. The required return on the firm's equity is 11%/year. Based on this, please answer the following questions based on the above. (24 Points) 1. A. How far away from now is the firm's horizon date implied in the process of valuation on Valley? B. what is the firm's horizon or continuing value? Please calculate the firm's intrinsic value today. And, what is the difference C. between the firm's intrinsic value today and its horizon value. only. Explain in word

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