Step 1: Finding the focus.
The focus lies on the perpendicular bisector of the vertex and the directrix. Using the perpendicular distance formula, \[ \frac{|4(2) - 3(-1) - 21|}{\sqrt{4^2 + (-3)^2}} = \frac{|8 + 3 - 21|}{5} = \frac{10}{5} = 2 \] So, the focal distance is 2.
Step 2: Finding the latus rectum.
The length of the latus rectum is given by: \[ \frac{4a}{|m|} \] where \( a = 2 \), giving \[ \frac{4(2)}{1} = 8 \] Thus, the correct answer is (B).