Right option is (a) T/W = (550*η / V) * (hp/W)
For explanation I would say: Power is defined as thrust into velocity. Propeller will be operating with some finite value of propeller efficiency ƞ. 550 we multiply as to make units similar both the side.
In general, for prop aircraft thrust loading and power loading is given as,
T/W = (550*η / V)*(hp/W)