Hmm, it's still not quite right. I have the two equations, .74 = .5*m1*v1^2 + .5m2*v2^2 and 2*v1 = 4*v2. I solved for v1, giving me v1 = 2*v2. Plugging into the first equation I end up with v2 = .35 and v1 = .70.
I understand that all potential energy turns into kinetic energy and that energy...