How much time will it take all three to finish an 800 meters race?

There are three sprinters on a racetrack. How much time will it take all three to finish an 800 meters race?
(1) The first runner can run the fastest, he runs at a 110% of the slowest runner. (2) The slowest runner runs at a constant speed of 7 meters per second.
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
C. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
D. Either statement BY ITSELF is sufficient to answer the question.
E. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.

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