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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
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. ($ millions) Market Value Firm iRobot Beta Debt of Equity 1.02 $0 $ 3,640 Middleby's 1.97 786 7,670 National Presto 0.22 0 937 Newell Brands 1.17 11,983 Whirlpool 1.87 4,560 27,570 14,820 a. Estimate an asset beta for Sinaloa Appliance. (Round intermediate calculations and final answer to 3 decimal places.) Asset beta
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