A laboratory setup uses a thin uniform rod of mass \(M\) and length \(L\). When the rod is rotated about an axis perpendicular to the rod and passing through its center of mass, its moment of inertia is \(I_0\). The pivot point is then moved to a position midway between the center of mass and one end of the rod. In terms of \(I_0\), what is the moment of inertia of the rod about this new axis?