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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 betas

Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the companys beta. You have obtained the following equity betas for publicly traded firms that also manufacture home appliances.

($ millions)
Firm Beta Debt Market Value of Equity
iRobot 1.02 $0 $ 3,640
Middleby's 1.97 786 7,670
National Presto 0.22 0 937
Newell Brands 1.17 11,983 27,570
Whirlpool 1.87 4,560 14,820

Estimate an asset beta for Sinaloa Appliance.

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