Question: Ecolab Incorporated ( ECL ) recently paid a $ 0 . 7 8 dividend. The annual dividend is expected to grow at a 2 0

Ecolab Incorporated (ECL) recently paid a $0.78 dividend. The annual dividend is expected to grow at a 20.04 percent rate. At a current stock price of $85.14, what return are shareholders expecting?
Note: Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g.,32.16)
Expected return
 Ecolab Incorporated (ECL) recently paid a $0.78 dividend. The annual dividend

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