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10 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

10 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. 25 points Firm iRobot Middleby's National Presto Newell Brands Whirlpool eBook ($ millions) Market Value Debt of Equity $0 $ 3,740 792 7,710 0 959 11,993 27,770 4,570 14,960 Beta 1.04 1.99 0.24 1.19 1.89 References a. Estimate an asset beta for Sinaloa Appliance. (Round intermediate calculations and final answer to 3 decimal places.) Asset beta

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