2. Problem 9.04 (Nonconstant Growth Valuation) eBook Problem Walk-Through Hole Enterprises recently paid a dividend, D., of $2.25. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 19% a. How far away is the horizon date? 1. The terminal, or hortzan, dates Year since the value of a common stock in the present value of all future expected dividends at time zero 11. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. III. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 V. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. Select b. What is the firm's horizon, or continuing value? Do not round Intermediate calculations. Round your answer to the nearest centi What is the firm's intrinsic value today, Po? Do not round Intermediate calculations, Round your answer to the nearest cent. $