Simplify \(\left[\left(5 \frac{1}{4} \div 3 \frac{1}{2} \times \frac{5}{12}\right)-\frac{3}{16}\right] \div\left(3 \frac{4}{7} \div \frac{5}{14}\right. \text{of} ~\left.6 \frac{2}{3}\right)\) of 1\(\frac{1}{3}\).
1
\(\frac{3}{32}\)
2
\(\frac{5}{32}\)
3
\(\frac{7}{32}\)
4
\(\frac{17}{32}\)