Step 1: Use geometric series sum formula.
The sum of an infinite geometric series is given by \( S = \frac{a}{1 - r} \), where \( a \) is the first term and \( r \) is the common ratio. Given the sum and second term, we can solve for \( a \) and \( r \).
Step 2: Conclusion.
Thus, the correct values are \( a = \frac{7}{4} \) and \( r = \frac{3}{4} \).