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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 0.97 $ 0 $ 3,390
Middleby's 1.927717,570
National Presto 0.170882
Newell Brands 1.1211,95827,070
Whirlpool 1.824,53514,470
a. Estimate an asset beta for Sinaloa Appliance.
Note: Round intermediate calculations and final answer to 3 decimal places.

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