A number of students from Fibonacci Middle School are taking part in a community service project. The ratio of 8th-graders to 6th-graders is 5:3, and the the ratio of 8th-graders to 7th-graders is 8:5. What is the smallest number of students that could be participating in the project?<spanclass=′latex−bold′>(A)</span>16<spanclass=′latex−bold′>(B)</span>40<spanclass=′latex−bold′>(C)</span>55<spanclass=′latex−bold′>(D)</span>79<spanclass=′latex−bold′>(E)</span>89