Final answer:
The submarine is located 78 feet below sea level.
Step-by-step explanation:
The submarine initially starts at 255 feet below sea level. It then descends further by 75 feet, which means it is now at a depth of 255 + 75 = 330 feet below sea level.
After that, it ascends by 153 feet. So the total change in depth is 75 - 153 = -78 feet.
This means the submarine is currently located 78 feet below sea level, which corresponds to option C.