Problem 8-24 Sinaloa Appliance, Incorporated, 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. Firm iRobot Middleby's National Presto Newell Brands Whirlpool Beta 1.04 1.99 Asset beta 0.24 1.19 1.89 Debt ($ millions) $0 792 0 11,993 4,570 Market Value of Equity $ 3,740 7,710 959 27,770 14,960 a. Estimate an asset beta for Sinaloa Appliance. Note: Round intermediate calculations and final answer to 3 decimal places.

Sinaloa Appliance, Incorporated, a private firm thatwmanufactures home appliances, has hired you to estimate the company's beta. You Problem 8-24 Sinaloa Appliance, Incorporated, a private firm thelwnanuiactures nome appliananufacture home appliances. Note: Round intermediate calculations and final answer to 3 decimal places. a. Estimate an asset beta for Sinaloa Appliance