Concept:Convert every base into 2 and then apply the laws of exponents.Explanation:Use the conversions: 8=23, 4=22, 16=24, and 32=25. Simplify the numerator: (23×(23)2)3÷((22)5×(24)2). This becomes (23×26)3÷(210×28). Using (am)n=amn and am×an=am+n, we get (29)3÷218=227÷218=29. Simplify the denominator: ((25)2÷24)2=(210÷24)2. Using am÷an=am−n, we get (26)2=212. Now divide the two results: 29÷212=29−12=2−3.Answer:The simplified value is 2−3, so the correct option is D.