The terminal velocity \( v_t \) of a liquid drop is proportional to the square of its radius \( r \), as given by:
\[
v_t \propto r^2
\]
When two drops of equal radii coalesce, their combined radius becomes \( r_{{new}} = 2^{1/3} r \). The new terminal velocity \( v_{{new}} \) will be proportional to the square of the new radius:
\[
v_{{new}} \propto (2^{1/3} r)^2 = 2^{2/3} v
\]
Thus, the new terminal velocity will be \( \sqrt[3]{4} v \).
Hence, the correct answer is (c).