Calculate the following for Activision Blizzard, Inc. (ATVI). Use data from yahoo finance or other online finance sources to get the financial data:

1. The firms cost of equity using: CAPM or Discounted Cash Flow (DCF) models
2. The firms cost of long term debt and preferred stock
3. Cost of capital of the firm (WACC)
4. The FCF of the firm in year 2018 and the expected future FCFs using growth assumptions.
5. The intrinsic value of the firm and its common stock

Activision Blizzard, Inc. (ATVI) Income Statement

All numbers in thousands

Revenue	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Revenue	7,500,000	7,017,000	6,608,000	4,664,000
Cost of Revenue	2,517,000	2,501,000	2,394,000	1,585,000
Gross Profit	4,983,000	4,516,000	4,214,000	3,079,000
Operating Expenses
Research Development	1,101,000	1,069,000	958,000	646,000
Selling General and Administrative	1,884,000	2,108,000	1,797,000	1,109,000
Non Recurring	-	-	-	-
Others	-	-	-	-
Total Operating Expenses	5,502,000	5,678,000	5,149,000	3,340,000
Operating Income or Loss	1,998,000	1,339,000	1,459,000	1,324,000
Income from Continuing Operations
Total Other Income/Expenses Net	-121,000	-188,000	-353,000	-203,000
Earnings Before Interest and Taxes	1,998,000	1,339,000	1,459,000	1,324,000
Interest Expense	-140,000	-162,000	-217,000	-200,000
Income Before Tax	1,877,000	1,151,000	1,106,000	1,121,000
Income Tax Expense	64,000	878,000	140,000	229,000
Minority Interest	-	-	-	-
Net Income From Continuing Ops	1,813,000	273,000	966,000	892,000
Non-recurring Events
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Changes	-	-	-	-
Other Items	-	-	-	-
Net Income
Net Income	1,813,000	273,000	966,000	892,000
Preferred Stock And Other Adjustments	-	-	-	-
Net Income Applicable To Common Shares	1,813,000	273,000	962,000	881,000