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	0.92	$ 0	$ 3,140
Middleby's	1.87	756	7,470
National Presto	0.12	0	827
Newell Brands	1.07	11,933	26,570
Whirlpool	1.77	4,510	14,120

a. Estimate an asset beta for Sinaloa Appliance.

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

What is the Asset Beta?