Question: Ecolap incorporated ( ECL ) recently paid a $ 0 . 3 4 dividend. The dividend is expected to grow at a 1 2 .

Ecolap incorporated (ECL) recently paid a $0.34 dividend. The dividend is expected to grow at a 12.50 percent rate. The current stock
price is $42.52.
What is the return shareholders are expecting?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
 Ecolap incorporated (ECL) recently paid a $0.34 dividend. The dividend is

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