The given current equation represents the transient response of a series RL circuit to a unit impulse voltage. The general form of the transient response for an RL circuit is:
\[
I(t) = \frac{1}{\tau} e^{-\frac{t}{\tau}}
\]
where \( \tau = \frac{L}{R} \) is the time constant of the circuit.
- In the given equation, the time constant is represented by \( \tau = \frac{4}{3} \).
- From the equation, \( I(t) = \frac{1}{4} e^{-\frac{3}{4} t} \), we can compare and determine that:
\[
\tau = \frac{L}{R} = \frac{4}{3}
\]
- Solving for \( L \) and \( R \), we find that the values of \( R = 2 \, \Omega \) and \( L = 4 \, H \).
Thus, the correct answer is option (3).