E6.8. Calculating Cum-Dividend Earnings: General Mills (Easy) General Mills reported earnings and paid dividends from 2004 to 2008 as follows: 2004 2005 2006 2007 2008 Basic EPS 2.82 DPS 334 3.05 3.30 3.86 1.10 1.24 1.34 144 1.57 Calculate cum-dividend earnings for General Mills for each year, 2005-2008. Also calcu late abnormal earnings growth for each of these years. Assume a reinvestment rate for div- idends of 10 percent. Real World Connection Exercises E1.5, E2.9, E.3.9, E4.9, E10.9, E13.15, E14.8, and E15.10 also deal with General Mills