A half-wave plate is placed in between a polarizer and a photo-director. When the optic axis of the quarter-wave plate is kept initially parallel to the pass axis of the polarizer and perpendicular to the direction of light propagation. The intensity of light passing through the quarter-wave plate is measured to be I0 (see figure). If the quarter wave plate is now rotated by 45° about an axis parallel to the light propagation, what would be the intensity of the emergent light measured by the photo-director?

(1) I0/√2
(b) I0/2
(c) I0/2√2
(d) I0