Step 1: Faraday's Law.
According to Faraday's law of induction, the induced emf is given by:
\[
\epsilon = - \frac{d\phi}{dt}
\]
where \( \phi \) is the magnetic flux. Substituting the given flux equation \( \phi = (2t - 4t^2 + 1) \), we get:
\[
\epsilon = - \frac{d}{dt}(2t - 4t^2 + 1)
\]
Step 2: Determining the Direction Change.
For the current to change direction, the sign of the induced emf must change. Solving for \( \epsilon \), we get the time at which this change occurs at \( t = 0.5 \, \text{sec} \).
Step 3: Conclusion.
The correct answer is (B), 0.5 sec.