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 Equity

iRobot $0\mathrm{.}92$ $ $0$ $ $3,140$

Middleby's $1\mathrm{.}877567,470$

National Presto $0\mathrm{.}120827$

Newell Brands $1\mathrm{.}0711,93326,570$

Whirlpool $1\mathrm{.}774,51014,120$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.

a$.$ Estimate an asset beta for Sinaloa Appliance.

Note: Round intermediate calculations and final answer to $3$ decimal places.

Asset beta