To find how far above or below street level Luca’s initial launching point is using the formula \(y = -16t^2 + 40t - 5\), we can analyze the equation at \(t = 0\), which represents the initial launching point.
Substituting \(t = 0\) into the equation:
\[ y = -16(0)^2 + 40(0) - 5 \] \[ y = -5 \]
This means that at the moment of launch, the object's height \(y\) is \(-5\) feet. Therefore, Luca’s initial launching point is 5 feet below street level.
So, the correct response is:
5 feet below.