Answer:
F = - K X
X = .4314 m compression of spring
F = 55.71 N/m * .4314 m = 24.03 N force to compress spring
E = 1/2 K X^2 energy of compressed spring
E = 1/2 55.71 N / m * (.4314 m)^2 = 5.184 Joules energy of spring
1/2 M V^2 = E energy imparted to ball
V = (2 E / M)^1/2 = 3.25 m/s max speed of ball
M g H = 1/2 M V^2 calculate height of ball after release
H = E / (M g) height above spring
H = 5.184 / (.98 * 9.80) = .540 m height to which ball rises
.540 + .4314 = .972 m height above compression point