Parksville Corp. (Parksville) purchased 80% of the outstanding voting shares of Saanich Inc. (Saanich) on December 31, 2023. The balance sheets of both companies on that date are shown below (after Parksville acquired the shares):

ParksvilleSaanichCash$250,000$200,000Accounts receivable450,000300,000Inventory500,000100,000Investment in Saanich Inc.500,000 Land140,000 Equipment (net)460,000200,000Total assets$2,300,000$800,000Current liabilities$900,000$200,000Bonds payable500,000100,000Common shares500,000200,000Retained earnings400,000300,000Total liabilities and equity$2,300,000$800,000

On December 31, 2023 (after the financial statements appearing above had been prepared), Vancouver Inc. (Vancouver), one of Parksville's main competitors, has agreed to acquire an equity interest in Saanich. As a result of the agreement, Saanich would issue another 8,000 shares (over and above the 32,000 shares it currently has outstanding) to Vancouver for $20 per share. The acquisition differential on the date of acquisition was attributed entirely to equipment, which had a remaining useful life of 10 years from the date of acquisition. Parksville uses the equity method to account for its investment in Saanich. There were no unrealized intercompany profits on December 31, 2023.

What would be Parksville's ownership interest in Saanich following Vancouver's purchase of shares in Saanich?