A rectangular hole of size $100$ $mm \times 50$ $mm$ is to be made on a $5$ $mm$ thick sheet of steel having ultimate tensile strength and shear strength of $500$ $MPa$ and $300$ $MPa$, respectively. The hole is made by punching process. Neglecting the effect of clearance, the punching force (in $kN$) is
- $300$
- $450$
- $600$
- $750$