Answer:
In this case the board is moving towards the observer so the board will receive the frequency as a moving observer
The board then emits the sound received and becomes a moving source according to the driver in the ambulance
f' = f (V + Vo) / V where V is the speed of sound and f' is the frequency received by the moving board
Now the board becomes a moving source and
f' = f (V / (V - Vs) and V is again the speed of sound
Combining these equations we get
f = (V + Vo) / (V - Vs) = 700 (350 + 4) / (350 - 4) = 716 / s
The driver would hear 16 beats / sec
Note: one can do these separately
f' = 700 * (350 + 4) / 350 = 708 frequency received for moving observer
f' = 708 * 350 / (350 - 4) = 716 / sec moving source stationary observer
Every 5 sec one would hear 5 * 16 = 80 beats