The moment of inertia of a rod about an axis through its center and perpendicular to its length is \( \alpha = \frac{ML^2}{12} \), where \( M \) is mass and \( L \) is length. When the rod is divided into two equal segments, each segment has mass \( \frac{M}{2} \) and length \( \frac{L}{2} \). The moment of inertia for each segment is denoted by \( \alpha' \). For a cross shape, the total moment of inertia is the sum of the moments of inertia of the two segments, accounting for their distances from the rod's center. Applying the parallel axis theorem yields: \[ \alpha' = 2 \times \frac{M L^2}{48} = \frac{\alpha}{4} \] Consequently, the correct moment of inertia is \( \frac{\alpha}{4} \).