Which of the following would be correct if we borrowed 8-bits when using the following IP information?

IP address

121.34.45.1

Subnet mask 255.0.0.0

Select one:

A new mask of 255.255.0.0 would yield 256 'usable networks with 1022 usable hosts per network.

Borrowing 8 host bits would yield 254 usable networks, with 65,534 usable hosts per network.

Borrowing 8 host bits would yield 256 usable networks, with 65,534 usable hosts per network.

A new mask of 255.255.0.0 would yield 256 usable networks with 1024 usable hosts per network