First find how many moles of MgSO4 you have in 121.8g. You will need the molecular weight of MgSO4.
moles = mass of MgSO4 / mass of one mole of MgSO4 (molecular mass or molecular weight)
Then you find the molarity using the definition:
molarity = moles of MgSO4 / liters of solvent
This will give you the molarity of 121.8g MgSO4 in 3.5L of solvent.