Following information about Moolchandani Ltd$.$ is provided to you:

Earnings per share $($EPS$)$ for $2021$ Rs $3$

Dividend per share $($DPS$)$ for $2020$ Rs $1\mathrm{.}2$

Target payout ratio $0\mathrm{.}6$

Adjustment rate $0\mathrm{.}7$

Calculate DPS for the year $2021$ using Lintner model.

$1\mathrm{.}62$

$1\mathrm{.}72$

$1\mathrm{.}82$

$1\mathrm{.}92$