Estimate an asset beta for Sinaloa Appliance. Round intermediate calculations and final answer to 3 decimal places.

Sinaloa Appliance, Inc., a private firm that manufactures home appliances, hos hired you to estimate the compony's beta. You hove obtained the following equity betas for publicly traded firms that also manufacture home appliances. (S millions) 1.85 I.es 1.75 Firm iRobot Middleby' s National Presto Newell Brands rl pool 11, 923 4, sae market Value of Equity 7 4313 26, 370 13, ese o_ Estimate en asset beta for Sinaloa Appliance. (Round intermediate calculations and final answer to 3 decimal places.)