Dick Ltd Acquired 17% of the Issued Capital of Electronics

Dick Ltd acquired 17% of the issued capital of Electronics Ltd and significant influence over the operations of Electronics Ltd on 1 March 20X0.Dick issued 400 000 Dick Ltd shares for the acquisition.The fair value of Dick Ltd's shares at this date was $9.50 each.The total fair value of Electronics Ltd's net assets at this date was $20 million.Under the method of equity accounting in AASB 128, what is the balance of the account 'Investment in Electronics Ltd' at this date?

A) $3 400 000
B) $3 800 000
C) $4 050 000
D) $3 442 500