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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 0.99 $0 $ 2,740
Middleby's 2.10 732 7,310
National Presto 0.12 0 739
Newell Brands 1.16 11,893 25,770
Whirlpool 1.69 4,470 13,560

A. Estimate an asset beta for Sinaloa Appliance.

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