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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 companys beta. You have obtained the following equity betas for publicly traded firms that also manufacture home appliances.
Firm Beta ($ millions)
Debt Market Value of Equity
iRobot 0.96 $ 0 $ 3,340
Middleby's 1.917687,550
National Presto 0.160871
Newell Brands 1.1111,95326,970
Whirlpool 1.814,53014,400
a. Estimate an asset beta for Sinaloa Appliance.

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