Assuming that reaching a height 0 doesn’t stop the ball, and that it accelerates at 9.8 m/s^2, the ball would be traveling at 0.5 + 0.7*9.8 = 7.36 m/s downwards.
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Answer:
The upward buoyancy force on an object acts through the overall center of buoyancy, being the centroid of the displaced volume of fluid. The weight force on the object acts through its center of gravity.