Using the Doppler effect:
Both source and observer are moving towards each other, so:
\[
f' = f \left( \frac{v + v_o}{v - v_s} \right)
\Rightarrow f' = 250 \cdot \left( \frac{350 + 50}{350 - 50} \right)
= 250 \cdot \left( \frac{400}{300} \right) = 250 \cdot \frac{4}{3} = 333.33\, \text{Hz}
\]
Wavelength observed:
\[
\lambda = \frac{v}{f'} = \frac{350}{333.33} \approx 1.05\, \text{m} = 105\, \text{cm}
\]