3. Problem 9.04 (Nonconstant Growth Valuation) ebook Problem Walk Through Moi Enterprises recently paid a dividend, Das of 54.00. It expects to have noncorntant growth of 25% for 2 years followed by a constant este af sv thereafter. The firm's recured reum is 15% a. How far away is the hortton date? I The terminal, or hotron, dat is infinity since common stocks do not have a maturity date 1. The terminal, or horizon, date is Year O since the value of a common stock to the present value of all future expected didends at time raro. m. The terminal or hatron, dat is the date when the growth rate becomes no constant. The occurs at time zero IV. The terminal, et hortion date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2 The terminal, or hotzon, it is the date when the growth rate become constant. This occurs at the end of Year 2 5 b. What is the nimis horizon, or continuing Value? Do not round Intermediate calculatora. Round your answer to the nearest cmne. - What ka the firm's intrinut value today, Po? Do Do not round lotermediate calculations. Round your answer to the nearest cont. 5