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Holt Enterprises recently paid a dividend, Do, of $4,00. It expects to have a nonconstant growth of 16% for 2 years followed by a consent rate of 8% thereafter. The firm's required return is 20%.       I know this answer was $48.44.                                                               I need help with the last part below.                                                                                                                                                                                                                                         What is the firm's intrinsic value today, P0? Do not round intermediate calculations. Round your answer to the nearest cent.

Holt Enterprises recently paid a dividend, Do, of $4,00. It expects to have a nonconstant growth of 16% for 2 years followed by a consent rate of 8% thereafter. The firm's required return is 20%.       I know this answer was $48.44.                                                               I need help with the last part below.                                                                                                                                                                                                                                         What is the firm's intrinsic value today, P0? Do not round intermediate calculations. Round your answer to the nearest cent.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Holt Enterprises recently paid a dividend, Do, of $4,00. It expects to have a nonconstant growth of 16% for 2 years followed by a consent rate of 8% thereafter. The firm's required return is 20%.       I know this answer was $48.44.                                                              

I need help with the last part below.                                                                                                                                                                                                                                        

What is the firm's intrinsic value today, P0? Do not round intermediate calculations. Round your answer to the nearest cent.

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