Suppose the risk$-$free return is $5\mathrm{.}07\%$ and the market portfolio has an expected return of $10\mathrm{.}96\%$ and a standard deviation of $15\mathrm{.}03\%.$ Pepsico stock has a beta of $0\mathrm{.}83.$ What is its expected return?

The expected return of Pepsico stock is

$\%.($Round to two decimal places.$)$