This is a reaction stoichiometry problem. You will first need to write the BALANCED equation of the reaction.
The general roadmap for doing stoichiometry problems is as follows
X + Y → Z
grams X → mol X → mol Z
grams Y → mol Y → mol Z
Compare the results for mol Z (product. The limiting reactant usually produce the least amount of product (either as moles or grams). Now using the # of mol of Z (limiting) calculate the amount of product in grams.
The balanced chemical equation is 4 Fe + 3 O2 → 2 Fe2O3
Follow the steps above, your answer should be 26.7 g Iron (III) oxide, limiting reactant is Fe