Hot water at an average temperature of $90^{\circ} \mathrm{C}$ is flowing through a $15-\mathrm{m}$ section of a cast iron pipe $(k=52 \mathrm{~W} / \mathrm{m} \cdot \mathrm{K})$ whose inner and outer diameters are $4 \mathrm{~cm}$ and $4.6 \mathrm{~cm}$, respectively. The outer surface of the pipe, whose emissivity is $0.7$, is exposed to the cold air at $10^{\circ} \mathrm{C}$ in the basement, with a heat transfer coefficient of $15 \mathrm{~W} / \mathrm{m}^{2} \cdot \mathrm{K}$. The heat transfer coefficient at the inner surface of the pipe is $120 \mathrm{~W} / \mathrm{m}^{2} \cdot \mathrm{K}$. Taking the walls of the basement to be at $10^{\circ} \mathrm{C}$ also, determine the rate of heat loss from the hot water. Also, determine the average velocity of the water in the pipe if the temperature of the water drops by $3^{\circ} \mathrm{C}$ as it passes through the basement.