24. Sinaloa Appliance, Inc., a private rm that manufactures home appliances. has hired you to estimate the company's beta. You have obtained the following equity betas for publicly traded rms that also manufacture home appliances. ($ millions) Market Value Firm Beta Debt of Equity iRobot 0.99 $0 $2.740 Middleby's 2.10 732 7.310 National Presto 0.12 O 739 Newell Brands 1.16 11.893 25.770 Whirlpool 1.69 4.470 13.560 a. Estimate an asset beta for Sinaloa Appliance. b. What concerns. if any, would you have about using the betas of these rms to estimate Sinaloa Appliance's asset beta