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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 Beta Debt Firm iRobot of Equity 0.90 30 $3,040 Middleby's 1.85 750 7,430 National Presto 0.10. 0 805 1.05 11,923 Newell Brands Whirlpool 1.75 4,500 26,370 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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