The correct option is C Both will reach at the same time
Acceleration due to gravity near the surface of the earth is given by:
g=GMe/Re
This means that all bodies have the same acceleration near the surface of the earth.
From equations of motion,
s=ut+at2/2
t=√2s/g
The distance moved, acceleration and initial velocity is the same for the two bodies. So, both the bodies reach at the same time.