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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 ($ millions) Market Value Firm iRobot Beta Debt of Equity 0.90 $3,040 Middleby's 1.85 750 7,430 National Presto 30.10 0 805 Newell Brands 1.05 11,923 26,370 Whirlpool 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 $0

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