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

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Sinaloa Appliance, Inc., 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 (5 millions Market Value Firma Beta Debt of Equity iRobot $0 $ 3,340 Middleby's 768 7,550 National Presto 0.16 821 Nevell Brands 1.11 11,953 26,970 Whirlpool 1.1 4,530 14.400 0.96 1.91 0 a. Estimate an asset beta for Sinaloa Appliance (Round intermediate calculations and final answer to 3 decimal places.) Asset beta

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