Range:
\[
R=\frac{u^2\sin2\theta}{g}
\]
Same range means:
\[
\frac{v^2\sin2\theta_P}{g}
=
\frac{(v/2)^2\sin30^\circ}{g}
\]
\[
v^2\sin2\theta_P
=
\frac{v^2}{4}\cdot \frac{1}{2}
\]
\[
\sin2\theta_P=\frac{1}{8}
\]
So,
\[
2\theta_P=\sin^{-1}\left(\frac{1}{8}\right)
\]
\[
\theta_P=\frac{1}{2}\sin^{-1}\left(\frac{1}{8}\right)
\]
Hence,
\[
\boxed{(B)\ \frac{1}{2}\sin^{-1}\left(\frac{1}{8}\right)}
\]