If two events A and B such that P(A ∪ B) = \(\frac{7}{8}\) and P(A ∩ B) = \(\frac{1}{4}\) and P(A) = \(\frac{5}{8}\), then P\((\overline{A} ∪ \overline{B})\) = ?

1
\(​​\frac{3}{8}\)
2
\(​​\frac{1}{8}\)
3
\(​​\frac{3}{4}\)
4
\(​​\frac{1}{4}\)

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