4. Problem 9.04 (Nonconstant Growth Valuation) elook Problem Walk-Through Holt Enterprises recently paid a dividend, Da, of $3.75. It expects to have no constant growth of 20% for 2 years followed by a constant rate of thereafter. The firm's regured returns i 12% 3. How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. IL. The terminal, or horizon date is the date when the growth rate becomes constant. This occurs at the end of Year 2 II. The terminal, or horizon, dote is infinity since common stocks do not have a maturity date. IV. The terminal, or horizon, date is Year since the value of a common stock is the present value of all future expected dividends at timezer. V. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero -Select- b. What is the firm's horizon, or continuing value? Do not round intermediate calculations. Round your answer to the nearest cent. What is the firm's intrinsic value today. Po do not round intermediate calculations, Round your answer to the nearest cent