In mid-2015, Cisco Systems had a market capitalization of $125 billion. It had A-rated debt of $27 billion as well as cash and short-term investments of $64 billion, and its estimated equity beta at the time was 1.17. a. What is Cisco's enterprise value? b. Assuming Cisco's debt has a beta of zero, estimate the beta of Cisco's underlying business enterprise. . a. What is Cisco's enterprise value? Cisco's enterprise value is billion. (Round to the nearest integer.) Suppose Pepsico's stock has a beta of 0.62. If the risk-free rate is 2% and the expected return of the market portfolio is 7%, what is Pepsico's equity cost of capital? Pepsico's equity cost of capital is %. (Round to two decimal places.)