A circle is inscribed in a square, then a square is inscribed in this circle, and finally, a circle is inscribed in this square. What is the ratio of the area of the smaller circle to the area of the larger square?
<spanclass=′latex−bold′>(A)</span>16π<spanclass=′latex−bold′>(B)</span>8π<spanclass=′latex−bold′>(C)</span>163π<spanclass=′latex−bold′>(D)</span>4π<spanclass=′latex−bold′>(E)</span>2π