1 Check my work 5 Problem 8-24 10 points Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the company's beta. You have obtained the following equity betas for publicly traded firms that also manufacture home appliances. eBook Print Firm iRobot Middleby's National Presto Newell Brands Whirlpool Beta 1.01 1.96 0.21 1.16 1.86 ($ millions) Market Value Debt of Equity $0 $ 3,590 783 7,650 0 926 11,978 27,470 4,555 14,750 References a. Estimate an asset beta for Sinaloa Appliance. (Round intermediate calculations and final answer to 3 decimal places.) Asset beta 4.700