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)
Firm	Beta		Debt		Market Value of Equity
iRobot	0.87		$0		$	2,890
Middleby's	1.82		741			7,370
National Presto	0.07		0			772
Newell Brands	1.02		11,908			26,070
Whirlpool	1.72		4,485			13,770

 

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