Suppose the$$ risk$-$free return is $5\mathrm{.}45\%$ and the market portfolio has an expected return of $9\mathrm{.}67\%$ and a standard deviation of $15\mathrm{.}83\%.$ Pepsico stock has a beta of $1\mathrm{.}32.$ What is its expected$$ return? $($Round to two decimal$$ places.$)$