In a first order decomposition reaction, the time taken for the decomposition of reactant to one fourth and one eighth of its initial concentration are \( t_1 \) and \( t_2 \) (\( \text{s} \)), respectively. The ratio \( \frac{t_1}{t_2} \) will be:
\( \frac{2}{3} \)
\( \frac{3}{2} \)
\( \frac{4}{3} \)
\( \frac{3}{4} \)