Answer
The final temperature of the iron will be the same as that of the very large block of ice, $0^{\circ}C$ .
We start by finding the heat released when 50 g of $80^{\circ}C$ iron cools to 50 g of $0^{\circ}C$ iron.
$$Q = cm \Delta T = (0.11 \frac{cal}{g^{\circ}C})(50 g)(80^{\circ}C ) = 440 cal$$
The 440 calories is used to melt ice. We know that 1 g of $0^{\circ}C$ ice requires 80 calories to melt to 1 g of $0^{\circ}C$ water, so we can melt (440/80) = 5.5 grams of ice.
The $80^{\circ}C$ iron can melt less ice than an equal mass of $80^{\circ}C$ water could, which is due to the iron's lower specific heat capacity.