The correct option is (a) 0.39
To elaborate: Typically, stick free neutral point is located at 2-5% ahead of stick fixed neutral point.
Stick free neutral point = 2 to 5 % ahead of stick fixed = 0.02*0.4 to 0.05*0.4 ahead of stick fixed = 0.008 to 0.1 ahead of stick fixed neutral point
Hence, neutral point location of stick free = 0.4-(0.008 to 0.1) = 0.392 to 0.39.
Hence, Correct answer from the given options Will be 0.39.