Question: Ecolap Inc. ( ECL ) recently paid a $ 0 . 3 8 dividend. The dividend is expected to grow at a 1 4 .

Ecolap Inc. (ECL) recently paid a $0.38 dividend. The dividend is expected to grow at a 14.50 percent rate. The current stock price is $44.92. What is the return shareholders are expecting? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Shareholders return %

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