In punching, shear elasticity, (i.e., modulus of rigidity) is involved.
The **** will be punched, if
(F/A) ≥ ultimate shear stress
or, (F) ≥ ( Shear stress) x A
where A is = 2π rd
Hence, F = (3.45 x 108) x 2πrd
= (3.45 x 108) x (2 x 22/7 x 0.73 x 10-2 x 1.27 x 10-2)
≈ 2 x 105 N