Converting RGB to RGBW

I've finally figured out how to convert RGB to RGBW, turns out my previous method was completely wrong:

//Get the maximum between R, G, and B
float tM = Math.Max(Ri, Math.Max(Gi, Bi));

//If the maximum value is 0, immediately return pure black.
if(tM == 0)
   { return new rgbwcolor() { r = 0, g = 0, b = 0, w = 0 }; }

//This section serves to figure out what the color with 100% hue is
float multiplier = 255.0f / tM;
float hR = Ri * multiplier;
float hG = Gi * multiplier;
float hB = Bi * multiplier;  

//This calculates the Whiteness (not strictly speaking Luminance) of the color
float M = Math.Max(hR, Math.Max(hG, hB));
float m = Math.Min(hR, Math.Min(hG, hB));
float Luminance = ((M + m) / 2.0f - 127.5f) * (255.0f/127.5f) / multiplier;

//Calculate the output values
int Wo = Convert.ToInt32(Luminance);
int Bo = Convert.ToInt32(Bi - Luminance);
int Ro = Convert.ToInt32(Ri - Luminance);
int Go = Convert.ToInt32(Gi - Luminance);

//Trim them so that they are all between 0 and 255
if (Wo < 0) Wo = 0;
if (Bo < 0) Bo = 0;
if (Ro < 0) Ro = 0;
if (Go < 0) Go = 0;
if (Wo > 255) Wo = 255;
if (Bo > 255) Bo = 255;
if (Ro > 255) Ro = 255;
if (Go > 255) Go = 255;
return new rgbwcolor() { r = Ro, g = Go, b = Bo, w = Wo };

Any optimization ideas are more than welcome :)