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Sinaloa Appliance, Inc, a private firm that manufactures home appliances, has hired you to estimate the company's beta. You have obtained the following equity betas

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Sinaloa Appliance, Inc, 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 iRobot Middleby's National Presto Newell Brands Whirlpool Beta 1.00 1.95 0.20 1.15 (5 million) Market Valve Debt of Equity $0 $ 3,510 70 7,630 0 915 11.973 27,370 4,550 14,680 a. Estimate an asset beta for Sinaloa Appliance. (Round intermediate calculations and final answer to 3 decimal places.) Asset beta

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