The correct answer is (c) Only one cycle is performed
To explain: As mentioned, an initial pair-wise alignment is made to predict a tree, the tree is used to produce weights for making alignments in the same manner as MSA except that the sequences are analyzed for the presence of aligned regions that include gaps rather than being globally aligned, and these regions are iteratively recalculated to improve the alignment score. The best scoring alignment is then used in a new cycle of calculations to predict a new tree, new weights, and new alignments.