Correct Answer: The captain said, "Hurrah! I have won the toss."

Solution : The correct choice is the first option .

In the conversion from indirect to direct speech, the introductory phrase "exclaimed with joy that" is replaced by a reporting verb suitable for expressing a joyful exclamation, which is "said".

Narration Conversion:

• The reporting verb "said" remains the same.
• The exclamation "Hurrah!" is included to capture the captain's joy.
• The past perfect tense "had won" is changed to the present perfect tense "have won" to accurately reflect the tense of the original statement.
• The words of the speaker are enclosed in the inverted commas.

Therefore, the correct sentence is: The captain said, "Hurrah! I have won the toss."