A wire of linear density 9.8×10−3 kg/m passes over a frictionless light pulley fixed on the top of a frictionless inclined plane which makes an angle 300 with the horizontal. Masses m and M are tied at the two ends of the wire such that m rests on the plane and M hangs freely vertically downwards. The entire system is in equilibrium and a transverse wave propagates along the wire with a velocity of 100 m/s. Then: