A system consists of two identical spheres each of mass \( 1.5 \, \text{kg} \) and radius \( 50 \, \text{cm} \) at the ends of a light rod. The distance between the centres of the two spheres is \( 5 \, \text{m} \). What will be the moment of inertia of the system about an axis perpendicular to the rod passing through its midpoint ?