Suppose the risk$-$free return is $5\mathrm{.}23\%$ and the market portfolio has an expected return of $9\mathrm{.}32\%$ and a standard deviation of $15\mathrm{.}09\%.$ Pepsico stock has a beta of $1\mathrm{.}39.$ What is its expected return?

The expected return of Pepsico stock is

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