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Problem 8-21 Expected Return (LG8-5) Ecolap Inc. (ECL) recently paid a $0.30 dividend. The dividend is expected to grow at a 10.50 percent rate. The

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Problem 8-21 Expected Return (LG8-5) Ecolap Inc. (ECL) recently paid a $0.30 dividend. The dividend is expected to grow at a 10.50 percent rate. The current stock price is $40.12. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Shareholders return %

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