Correct Answer - `(IBbl)/(mu mg)`
When the switch is closed, current flows in the wire. Due to this current, magnetic force acts on wire towards right. The acceleration of wire : `a=(F_(b))/(m)=(IBb)/(m)`
Velocity gained by wire till it reaches the end of rails:
`v^2=2al=(2IBbl)/m`
After this, let wire slips a distance s on the floor
`mumgs=1/2mv^2 implies mumgs=IBbl implies s=(IBbl)/(mumg)`