Sinaloa Appliance, Incorporated, a private firm that manufactures home appliances, has hired you to estimate the company$$s beta. You have obtained the following equity betas for publicly traded firms that also manufacture home appliances.Firm Beta $($$ millions$)$Debt Market Value of EquityiRobot $0\mathrm{.}97$$ $0$$ $3,390$Middleby's $1\mathrm{.}927717,570$National Presto $0\mathrm{.}170882$Newell Brands $1\mathrm{.}1211,95827,070$Whirlpool $1\mathrm{.}824,53514,470$a$.$Estimate an asset beta for Sinaloa Appliance.Note: Round intermediate calculations and final answer to $3$decimal places.