In order to solve this problem, we can approach it as a problem of conservation of energy. The equation of energy on the first stage can be written as:

On the second stage, the energy will be:

Thus, equaling both we'll get:

Isolating v:
![v=\sqrt[\placeholder{⬚}]{2*g*(h_1-h_2)}=\sqrt[\placeholder{⬚}]{2*9.8*(1.6-1.23)}=2.693(m)/(s)](https://img.qammunity.org/2023/formulas/physics/college/4tepdbogadr4yklis0yvprwnrdgavj5i6h.png)
Then, our final velocity is 2.693 m/s