解:∵$AC=CE=EG=GK$,
∴$AC+CE=AE$,$EG+GK=EK$,
∴$AE=EK$,
同理可得$BF=FL$,
∴$EF $是梯形$AKLB$的中位线,
∴$EF// AB// KL$,$EF=\frac {1}{2}(AB+KL)$,
$ $同理可得$GH=\frac {1}{2}(EF+KL)$,
$CD=\frac {1}{2}(EF+AB).$
∵$AB=0.5\ \mathrm {m}$,$GH=0.74\ \mathrm {m}$,
∴$EF=\frac {1}{2}(AB+KL)=\frac {1}{2}(0.5+KL)=\frac {1}{4}+\frac {1}{2}KL.$
∵$GH=\frac {1}{2}(EF+KL)$,
∴$0.74=\frac {1}{2}×(\frac {1}{4}+\frac {1}{2}KL+KL)$,
$ $解得$KL=0.82$,
∴$EF=\frac {1}{2}(AB+KL)=\frac {1}{2}×(0.5+0.82)=0.66\ \mathrm {m}$,
∴$CD=\frac {1}{2}(EF+AB)=\frac {1}{2}×(0.66+0.5)=0.58\ \mathrm {m}.$
答:$CD$的长为$0.58\ \mathrm {m}$,$EF $的长为$0.66\ \mathrm {m}.$