A circle in the first quadrant touching both axes has centre \( (c,c) \) and radius \(c\) (for \(c>0\)).
The equation is \( (x-c)^2 + (y-c)^2 = c^2 \).
The line is \( \frac{x}{3} + \frac{y}{4} = 1 \), which is \( 4x+3y=12 \), or \( 4x+3y-12=0 \).
Since the circle touches this line, the perpendicular distance from centre \( (c,c) \) to the line \( 4x+3y-12=0 \) equals the radius \(c\).
\[ \text{Distance} = \frac{|4(c)+3(c)-12|}{\sqrt{4^2+3^2}} = c \]
\[ \frac{|7c-12|}{\sqrt{16+9}} = c \implies \frac{|7c-12|}{5} = c \]
\[ |7c-12| = 5c \]
This yields two cases:
Case 1: \( 7c-12 = 5c \)
\[ 2c = 12 \implies c=6 \]
Case 2: \( 7c-12 = -5c \)
\[ 12c = 12 \implies c=1 \]
Both \(c=1\) and \(c=6\) are positive.
The possible values for c are 1 or 6.
This matches option (3).