We have that the movement of the rocket can be modeled with the following function:

a)To find the height the rocket is launched from, we have to make t = 0, since that is the initial time, and evaluate h(0):

therefore, the rocket is launched from a height of 80 units.
b)To find the maximum height, notice that the function h(t) is a quadratic function, then we have to find the vertex of the parabolla that represents using the following expression:

in this case, we have the following constants a,b and c:

then, we can find the vertex using the expression above:

thus, the maximum height reached is 144 units after 2 seconds
c)Finally, to find out how many seconds it takes the rocket to hit the lake, we have to solve h(t) = 0:

notice that all coefficients are divisible by -16, then, factoring we get:

we can see that this equation has solutions t = -1 and t = 5. Since t = -1 cannot be posible, we have that after t = 5 seconds the rocket will hit the lake