(c) As there is no external force, hence
$\overrightarrow{p} = {\overrightarrow{p}}_{1} + {\overrightarrow{p}}_{2} + {\overrightarrow{p}}_{3} =$ constant
$\Rightarrow \ \ \left| {\overrightarrow{p}}_{3} \right| = \left| {\overrightarrow{p}}_{1} + {\overrightarrow{p}}_{2} \right| = \frac{m}{4}\sqrt{(3)^{2} + (4)^{2}} = \frac{5m}{4}$
[since $v_{1}$ and $v_{2}$ are mutually perpendicular]
$\therefore\ p_{3} = \frac{m}{2}v_{3} = \frac{5m}{4}$
$\Rightarrow \ \ v_{3} = \frac{5}{2} = 2.5ms^{- 1}$