(b) According to the theorem of || axes, Moment of inertia of disc about an axis passing through $K$ and $\bot$ to plane of disc,
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$= \frac{1}{2}MR^{2} + MR^{2} = \frac{3}{2}MR^{2}$
Total moment of inertia of the system
$= \frac{3}{2}MR^{2} + m(2R)^{2} + m\left( \sqrt{2}R \right)^{2} + m\left( \sqrt{2}R \right)^{2}$
$= 3(M + 16m)\frac{R^{2}}{12}$