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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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