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Business, 12.03.2021 15:40 toritori4015

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. ($ millions)
Firm Beta Debt Market Value of Equity
iRobot 0.90 $0 $3,040
Middleby's 1.85 750 7,430
National Presto 0.10 0 805
Newell Brands 1.05 11,923 26,370
Whirlpool 1.80 4,525 14,330

Required:
Estimate an asset beta for Sinaloa Appliance.

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