Answer
Speed of the raft, $v\approx 0.767$ $m/s$
Work Step by Step
Let, down be the negative direction
In case of stone:
$s=ut+\frac{1}{2}gt^{2}$
$-75=(0)t+\frac{1}{2}(-9.8)t^{2}$
$t=\sqrt \frac{150}{9.8}$
$t\approx 3.91$ $s$
In time $3.91$ $s$, the raft travels a distance $(7-4)=3$ $m$ with an constant speed (say $v$)
Hence, $x=vt$
$v=\frac{x}{t}$
$v=\frac{3}{3.91}$ $m/s$
$v\approx 0.767$ $m/s$