Using the principle of conservation of mass (continuity equation), we can calculate the velocity at the given point using:
\( v = \frac{Q}{A} \).
Substituting \( Q = 0.314 \, \text{m}^3/\text{s} \) and \( A = \pi r^2 \), we find \( v = 10 \, \text{m/s} \).