Haymon Metals, Inc. has 10,000 shares of common stock outstanding but no other classes of stock. Damon Scwark owns 2,000 shares but wants to increase his investment in the company by transferring appreciated land. However, he does not want to have to recognize any gain on the transfer. Haymon Metals is not willing to give Damon a sufficient number of shares to give Damon control of the corporation and permit him to avoid having to recognize gain on the transfer of land. However, Lauren Haymon who currently has sufficient stock so that she and Damon would have control of the corporation after transfers by the two of them, says that she will transfer some property at the same time so that the two of them will have control of the company after the transfers and Damon's transfer will qualify for tax-free treatment under Code Sec. 351. What is the minimum value of property that Lauren must transfer to the company?
A) No minimum.
B) 10 percent of the value of the stock she already owns.
C) 20 percent of the value of the stock she already owns.
D) 25 percent of the value of the stock she already owns.