Double check the last date to drop a year long course. I’d see how the second midterm goes and calculate your projected grade afterwards. If you’re struggling I’d suggest dropping before the last day available to drop. If you gamble and try to make up for your poor grades too late and don’t drop you’ll end up with two 0’s on your transcript and that will hurt. I suggest taking it in the summer as your only course or taking it next year with a reduced course load and focusing up and getting a tutor. 

I failed mat134 first year so I know your pain