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Suppose Pepsico's stock has a beta of 0.68. If the risk-free rate is 2% and the expected return of the market portfolio is 6%, what

Suppose Pepsico's stock has a beta of 0.68. If the risk-free rate is 2% and the expected return of the market portfolio is 6%, what is Pepsico's equity cost of capital?

Pepsico's equity cost of capital is _____%. (Round to two decimal places.)

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