Gravitational parameter of Earth,
GM = 3.986004418e+14 m³/s²
Radius of Earth,
R = 6371000 meters
Altitude of helicopter at bag release,
h₁ = 105 meters
Velocity of bag at release,
v₁ = +5 m/s
geocentric radius of bag at release,
r₁ = R + h₁
r₁ = 6371105 meters
The Vis Viva equation,
v₁ = √[GM(2/r₁ − 1/a)]
In a plunge orbit, the eccentricity is one, and therefore the apoapsis distance, d, is twice the semimajor axis, a.
a = d/2
And the Vis Viva equation can be rewritten as
d = [1/r₁ − v₁²/(2GM)]⁻¹
In the example problem, the apoapsis distance is found to be
d = 6371106.2729222 meters
The general solution for the time to fall in a plunge orbit is
t−t₀ = √[d/(2GM)] { √(rd−r²) + d arctan √(d/r−1) }
The time for the bag to rise from release (at t=t₋₁) to its apoapsis (at t=t₀) altitude is equal to the time for the bag to fall from the apoapsis back to the release altitude (at t=t₁). Thus,
t₁−t₀ = √[d/(2GM)] { √(r₁d−r₁²) + d arctan √(d/r₁−1) }
t₁−t₀ = 0.509168900 sec
t₁−t₋₁ = 2(t₁−t₀)
t₁−t₋₁ = 1.018337801 sec
The time for the bag to fall from the apoapsis altitude to the ground (r=R, t=t₂) is
t₂−t₀ = √[d/(2GM)] { √(Rd−R²) + d arctan √(d/R−1) }
t₂−t₀ = 4.652335898 sec
So the total time from bag release to bag hitting ground is
T = (t₂−t₀) + (t₁−t₀) = 5.161504798 sec
A derivation of the formula for the general solution for the time to fall in a plunge orbit can be found at
https://www.physicsforums.com/threads/the-time-to-fall-in-a-plunge-orbit.873612/post-6264578