Answer:
The velocity with which the mass will hit the floor is 

Step-by-step explanation:
If the tension in the string is 
 , for
, for 
 we have
 we have 
 ,
,
and for the mass 
 
 

From these equations we solve for 
 and get:
 and get:

The kinematic equation

gives the final velocity 
 of a particle, when its initial velocity was
 of a particle, when its initial velocity was 
 , and has traveled a distance
, and has traveled a distance 
 while undergoing acceleration
 while undergoing acceleration 
 .
.
In our case 
 (the initial velocity of the particles is zero)
 (the initial velocity of the particles is zero)

which gives us 



which is the velocity with which the mass 
 will hit the floor.
 will hit the floor.