You are trying to estimate the intrinsic value of Splash Inc. You have forecasted the following dividends for the explicit forecast period of Splash Inc. Year 1 Year 2 Year 3 Year 4 Dividend per $2.00 $2.50 $2.75 $3.00 share After the fourth year, you expect Splash Inc. to maintain a constant retention rate of 47.5%. You also forecast that any new equity investment Splash Inc. makes after year four will earn a return of 12%. The required rate of return (rs) on Splash Inc. is 10%. How much is the horizon value (at the horizon date)? O $57.14 O $59.86 O $73.74 O $69.77