Pepsis Beta against a global equity market index is 0.7 The expected market return for a globally integrated equity market is 6%. The risk free rate is 2%. Pepsis cost of debt Kd: 4% and corporate tax rate is 25%. Calculate Pepsis WACC using ICAPM, assuming a D/V ratio of 0.77. The WACC is ? Use a format like 0.#### using 4 decimals.