The moment of inertia of a ring with mass \( M \) and radius \( R \) about an axis through its center and perpendicular to its plane is \( I_{\text{center}} = MR^2 \). The question requires the moment of inertia about a tangential axis. Applying the parallel axis theorem, we shift the axis from the center to the tangent. The theorem states \( I_{\text{tangent}} = I_{\text{center}} + Md^2 \), where \( d \) is the distance between the center and the tangent, equal to \( R \) for a ring. Therefore, \( I_{\text{tangent}} = MR^2 + MR^2 = \frac{5MR^2}{2} \). The correct answer is \( \frac{5MR^2}{2} \).