Suppose the risk$-$free return is $6\mathrm{.}57\%$ and the market portfolio has an expected return of $10\mathrm{.}32\%$ and a standard deviation of $17\mathrm{.}52\%.$ Pepsico stock has a beta of $1\mathrm{.}24.$ What is its

expected return?

The expected return of Pepsico stock is

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