You can put this solution on YOUR website! Assumption: The water is the second part, and your component material is the first part, so giving ratios as Component:Water.
Your calculations should be easier converted into ordinary fractions.
Your ratios give: component solution, available
and component solution, wanted
Those are component available
and component wanted
You want to add v fluid ounces of water which will not change the AMOUNT of Component; it will only change the CONCENTRATION of component.
See carefully, you have 4 MILILITERS of available (1/5) concentration solution but you want to add v FLUID OUNCES of water. I will setup the equations assuming mililiters. You can find and use the conversion factor for these two units on your own.
Again as I said, after solving for v, you need to convert from mililiters to fluid ounces ( NOT "ounces").