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

Ecolap Inc. (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? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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