Step 1: Simplify the equation}
\[
iz^4 + 1 = 0 \Rightarrow iz^4 = -1
\]
\[
z^4 = \frac{-1}{i} = i
\]
Step 2: Write in polar form}
\[
i = \cos \frac{\pi}{2} + i\sin \frac{\pi}{2}
\]
Step 3: Find fourth roots using De Moivre’s theorem}
\[
z = \left(\cos \frac{\pi}{2} + i\sin \frac{\pi}{2}\right)^{1/4}
\]
\[
z = \cos \frac{\frac{\pi}{2} + 2k\pi}{4} + i\sin \frac{\frac{\pi}{2} + 2k\pi}{4}, \quad k=0,1,2,3
\]
Step 4: Substitute values of \(k\)}
For \(k=0\):
\[
z = \cos \frac{\pi}{8} + i\sin \frac{\pi}{8}
\]
For \(k=1\):
\[
z = \cos \frac{5\pi}{8} + i\sin \frac{5\pi}{8}
\]
For \(k=2\):
\[
z = \cos \frac{9\pi}{8} + i\sin \frac{9\pi}{8}
\]
For \(k=3\):
\[
z = \cos \frac{13\pi}{8} + i\sin \frac{13\pi}{8}
\]
Step 5: Final Answer
Among the given options, the acceptable value is:
\[
\cos \frac{\pi}{4} + i\sin \frac{\pi}{4}
\]