Kenobi Corporation is expanding rapidly and currently needs to retain all of its earnings. Hence, it does not pay dividends. However, investors expect Kenobi to begin paying dividends, beginning with a dividend of $0.50 coming 2 years from today. The dividend should grow rapidly as a rate of 35% per year during years 3 and 4 but after year 4, growth should be constant 7% per year. In what year does the horizon value belong