Holt Enterprises recently paid a dividend, D0, of $3.25. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 8% thereafter. The firm's required return is 20%.
What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations.
What is the firm's intrinsic value today, P^0? Round your answer to two decimal places. Do not round your intermediate calculations.