Orange Corporation, a calendar year C corporation, owns stock in White Corporation and has net operating income of $400,000 for the current year. White Corporation pays Orange a dividend of $60,000. What amount of dividends received deduction may Orange claim if it owns 45% of White stock (assuming Oranges dividends received deduction is not limited by its taxable income)? Show work.

A. $30,000

B. $39,000

C. $42,000

D. $60,000

E. None of these.