The present value of a perpetuity paying 1 every two years with first payment due immediately is 7.21 at an annual effective rate of i. Another perpetuity paying R every three years with the first payment due at the beginning of year two has the same present value at an annual effective rate of i + 0.01. Calculate R.
(A) 1.23
(B) 1.56
(C) 1.60
(D) 1.74
(E) 1.94