At Joel’s bookstore, the current inventory is 40% historical fiction. Of the historical fiction books, 40% are new releases, while 40% of the other books are new releases. What fraction of all new releases are the historical fiction new releases?  Choose the correct choice from the following options.
A) 4 / 25 B) 8 / 23 C) 2 / 5 D) 8 / 15 E) 2 / 5

Rationale: "let there be 100 books in all historic fiction books = 40 % of total = 40 other books = 60 new historic fiction = 40 % of 40 = 16 other new books = 40 % of 60 = 24 total new books = 24 + 16 = 40 fraction = 16 / 40 = 2 / 5 ans : e"
Answer: E