No, pure cocoa powder is not very soluble. A hot cocoa mix will dissolve well under warm temperatures.
We determine the limiting reactant by using the moles present in the equation and the actual moles.
According to equation, ratio of Fe₂O₃ : Al = 1 : 2
Actual moles of Fe₂O₃ = 187.3 / (56 x 2 + 16 x 3)
= 1.17
Actual moles of Al = 94.51 / 27
= 3.5
Fe₂O₃ is limiting. Fe₂O₃ required:
(moles Al)/2 = 3.5/2 = 1.75
Moles to be added = 1.75 - 1.17
= 0.58
Mass to be added = moles x Mr
= 0.58 x (56 x 2 + 16 x 3)
= 92.8 grams