Answer:
B ) Ascend using my buddy alternative air source / make an emergency Ascent
Explanation:
From the description it can be seen his buddy is close by of which he can easily use the alternative air source. Also we can see that he is closer to the water surface than his buddy, of which controlled emergency swimming ascent is highly favourable in this condition.
Compression and rarefraction, the other guy's answer it's wrong

The momentul of the system preserves:
Ok, we found the speed after the collision.
Now, because the impact is plastic, it produces heat, sound energy and who knows what other forms of energy. We denote all this wasted energy with

.
Now, we write the energy conservation law:

From the above equation, you find

, and then conclude that the sound energy can certainly not be greater than this.