ips Do No Harm3 4. Problem 9.04 (Nonconstant Growth Valuation) ebook Hoit Enterprises recently paid a dividend, Ds of $2.25. It expects to have no constant growth of 21% for 2 years followed by a constant rate of 3% thereafter. The firm's requred return is 20% a. 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 11. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. 11. The terminal, or horizon, dat is infinity since common stocks do not have a maturity date. IV. The tenis, or horizon, date is Year O since the value of a common stock is the present value of all future expected dividends at time vero V. The terminal, or horizon, date is the date when the growth rate becomes no constant. 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, Por do not round Intermediate calculations, Round your answer to the nearest cent