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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 of Equity Firm iRobot Beta Debt 0.90 $3,040 Middleby's 50 750 1.85 0.10 7,430 0 805 National Presto Newell Brands Whirlpool 1.05 11,923 26,370 1.75 4,500 13,980 a. Estimate an asset beta for Sinaloa Appliance (Round intermediate calculations and final answer to 3 decimal places.) Asset beta

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