24. Sinaloa Appliance, Inc., a private firm that manufactures home appli- ances, 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. Firm Beta Debt iRobot 0.99 $0 Middleby's 2.10 732 ($ millions) Market Value of Equity $2,740 7,310 National Presto 0.12 0 Newell Brands 1.16 11,893 739 25,770 Whirlpool 1.69 4,470 13,560 a. Estimate an asset beta for Sinaloa Appliance.