Problem $3-25($LG $3-3)$

Ecolap Incorporated $($ECL$)$ recently paid a $$1\mathrm{.}22$ dividend. The annual dividend is expected to grow at a $17\mathrm{.}16$ percent rate. At a current stock price of $$75\mathrm{.}9,$ what return are shareholders expecting? $($Do not round intermediate calculations. Round your percentage answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

Expected return

$\%$