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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

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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 betas for publicly traded firms that also manufacture home appliances. (5 millions) Market Value of Firm iRobot Middleby's National Presto Newell Brands Whirlpool Beta Debt Equity 0.86 $0 $2,840 1.61 738 7,350 0.06 761 1.01 11,903 25,978 1.71 4,450 13,700 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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