If "0.3 minute" is correct, then it's 9,543,272 Joules.
If it's supposed to say "0.3 SECOND", then the KE is 2,651 Joules.
Answer:

Explanation:
We have:
diameter of the wheel, 
weight of the wheel, 
mass of hanging object to the wheel, 
speed of the hanging mass after the descend, 
height of descend, 
(a)
moment of inertia of wheel about its central axis:



