Answer
$ a = \frac{ mg} {\frac{1}{2}M+m}$
Work Step by Step
We know the following equations:
$ma = mg +( -T) = mg - \frac{1}{2}Ma $
$ I = \frac{1}{2} MR^2 $
$T = \frac{1}{2}Ma$
Solving the first equation for $a$ and combining these, we find:
$ a = \frac{ mg} {\frac{1}{2}M+m}$