Park Company owns 20% of Wood Company. Selected recent financial data for both firms follows:

	Park	Wood
Net income	16,000	$6,000
Market capitalization	375,000	$150,000
Current exchange rate ($ / )	1.50
Average exchange rate ($ / )	1.20

The percentage of Parks value explained by its ownership of Wood is closest to:

A) 5.3%.

B) 9.2%.

C) 8.1%.