Step 1: Read the structure
Seven ring carbons, one OH, one CH$_3$ and one C$_2$H$_5$ group.
Step 2: Number
OH carbon = 1. Going one way gives substituents at 3 and 6; going the other way also gives 3 and 6. A tie, so alphabetical order decides: ethyl gets 3.
Name: 3-ethyl-6-methylcycloheptanol, which is option (C).
Final Answer:
The IUPAC name is 3-ethyl-6-methylcycloheptanol, option (C).
\[ \boxed{\text{3-Ethyl-6-methylcycloheptanol}} \]