Since we also know that it's perpendicular to the line y = -4x + k, we know line l has a slope of +1/4 (the negative reciprocal of the slope of the line it's perpendicular to).
We can use these two facts to solve for t. Set up the slope equation using the points we know:
1/4 = [t + 1 -0]/[t - 0]
1/4 = [t + 1]/[t]
t/4 = t + 1
t = 4t + 4
-3t = 4
t = -4/3