To find out how far above or below street level Luca's initial launching point is, we need to evaluate the quadratic equation given:
\[ y = -16t^2 + 40t - 5 \]
In this equation, \( y \) represents the height of the object at time \( t \), and the constant term \(-5\) represents the initial height of the launching point relative to street level.
The constant \(-5\) implies the height at \( t = 0\):
\[ y(0) = -16(0)^2 + 40(0) - 5 = -5 \]
This means that at the moment of the launch (when \( t = 0 \)), the object's position is \( -5 \) feet. This indicates that Luca's initial launching point is 5 feet below street level.
Thus, the answer is:
A) 5 feet below