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Sinaloa Appliance, Incorporated, a private firm that manufactures home appliances, has hired you to estimate the company's beta. You have obtained the following equity
Sinaloa Appliance, Incorporated, 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 Beta Debt of Equity iRobot 0.97 $ 0 $ 3,390 Middleby's 1.92 771 National Presto 0.17 0 7,570 882 Newell Brands 1.12 11,958 27,070 Whirlpool 1.82 4,535 14,470 a. Estimate an asset beta for Sinaloa Appliance. Note: Round intermediate calculations and final answer to 3 decimal places. Asset beta
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