Rufus,Inc,A Domestic Corporation,has Worldwide Taxable Income of $800,000,including a $300,000

Rufus,Inc.,a domestic corporation,has worldwide taxable income of $800,000,including a $300,000 dividend from Emma,Inc.,a § 902 noncontrolled foreign corporation.Rufus' U.S.tax liability before FTC is $280,000.Rufus owns 20% of Emma.Emma's post-1986 E & P after taxes is $8 million and it has paid foreign taxes of $5 million attributable to post-1986 E & P.If Rufus elects the FTC,its U.S.gross income with regard to the dividend from Emma is:

A) $487,500.
B) $112,500.
C) $300,000.
D) $0.
E) None of the above.