The circle has two tangents, so the radius is half the distance between parallel tangents.
Check whether the given lines are parallel:
Lines:
- \( L_1: 3x - 4y + 4 = 0 \)
- \( L_2: 6x - 8y - 7 = 0 \)
Simplify \( L_2 \) by dividing by 2:
\[
3x - 4y - \frac{7}{2} = 0
\]
Now both lines are in the form \( 3x - 4y + c = 0 \), so they are parallel.
Now, distance between parallel lines:
\[
\text{Distance} = \frac{|c_1 - c_2|}{\sqrt{a^2 + b^2}}
= \frac{|4 - (-\frac{7}{2})|}{\sqrt{3^2 + (-4)^2}} = \frac{4 + \frac{7}{2}}{5} = \frac{\frac{15}{2}}{5} = \frac{3}{2}
\]
Radius = half of this:
\[
\Rightarrow R = \frac{1}{2} \cdot \frac{3}{2} = \boxed{\frac{3}{4}}
\]