The equation provided, \( y = -16t^2 + 40t - 5 \), represents the height \( y \) (in feet) of the object over time \( t \) (in seconds). The term \( -5 \) indicates the initial height of the object when \( t = 0 \).
To find Luca's initial launching point, substitute \( t = 0 \) into the equation:
\[ y(0) = -16(0)^2 + 40(0) - 5 \] \[ y(0) = -5 \]
Thus, the initial height is \( -5 \) feet, indicating that Luca's launching point is 5 feet below street level.
Therefore, the correct response is: 5 feet below.