How to get the innerText from currently selected option in a webBrowser control

I need to select the innerText from the currently selected option in the webBrowser control.

Here is a representation of the html:

<SELECT ID="F8">
<OPTION VALUE="option1">option1</OPTION>
<OPTION VALUE="option2" selected>option2</OPTION>
<OPTION VALUE="option3">option3</OPTION>
</SELECT>

Here is what I am trying:

if (webBrowser1.Document.GetElementById("F8") != null)
{
    HtmlElement selectF8 = webBrowser1.Document.GetElementById("F8");
    foreach (HtmlElement item in selectF8.Children ) 
    {
        if (item.GetAttribute("selected") != null)
        {
            assigneeText.Text = item.InnerText;
        }
    }
}

... but it completely ignores the if statement and always assigns assigneeText.Text the value of option3 instead of the value of the selected option2.

Can someone please tell me what I am doing wrong?