Step 1: Concept of binding energy.
Binding energy of a nucleus is the energy required to break it into its constituent nucleons. Total binding energy is given by:
\[
BE = (\text{binding energy per nucleon}) \times (\text{number of nucleons})
\]
Step 2: Calculate total binding energy of \( ^7_3Li \).
\[
BE_{Li} = 5.60 \times 7 = 39.2\,MeV
\]
Step 3: Calculate total binding energy of \( ^4_2He \).
\[
BE_{He} = 7.06 \times 4 = 28.24\,MeV
\]
Since two helium nuclei are formed:
\[
BE_{\text{final}} = 2 \times 28.24 = 56.48\,MeV
\]
Step 4: Initial total binding energy.
Proton has no binding energy, so:
\[
BE_{\text{initial}} = 39.2\,MeV
\]
Step 5: Energy released in reaction.
\[
Q = BE_{\text{final}} - BE_{\text{initial}}
\]
\[
Q = 56.48 - 39.2 = 17.28\,MeV
\]
Step 6: Interpretation.
This energy appears as kinetic energy of products, hence corresponds to energy involved in reaction.
Step 7: Final conclusion.
\[
\boxed{17.28\,MeV}
\]
Hence, correct answer is option (D).