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An Atwood's machine consists of two different masses, both hanging vertically and connected by an ideal string which passes over a pulley. Let the masses be M1 and M2 and M2 = 2M1. Initially, M1 is held fixed a distance y below M2. Find the speed of the blocks when they are the same elevation (that is, the same horizontal position, by then each block has moved y/2). Use Work and Kinetic Energy.

Please show work. A picture as well would be much appreciated.