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Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the companys beta. You have obtained the following equity beta

Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the companys beta. You have obtained the following equity beta

($ millions)
Firm Beta Debt Market Value of Equity
iRobot 0.92 $0 $ 3,140
Middleby's 1.87 756 7,470
National Presto 0.12 0 827
Newell Brands 1.07 11,933 26,570
Whirlpool 1.77 4,510 14,120

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

s for publicly traded firms that also manufacture home appliances.

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