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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 Firm Beta of Equity Robot 0.93 SO $ 3,190 Middleby's 1.88 759 7.490 National Presto 0.13 0 838 Newell Brands 1.08 11.938 26,670 Whirlpool 1.78 4,515 14,100 Debt a. Estimate an asset beto for Sinaloa Appliance (Round Intermediate calculations and final answer to 3 decimal places.) Asset beta

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