Step 1: Find the arc length from the perimeter.
Perimeter of sector $= 2r + l$, so $15.6 = 2(5.6) + l$, giving $l = 15.6 - 11.2 = 4.4$ cm.
Step 2: Switch to the radian form of the arc length formula.
In radians, $l = r\theta$, so $\theta_{\text{rad}} = \frac{l}{r} = \frac{4.4}{5.6} = \frac{11}{14}$.
Step 3: Convert this angle to degrees.
\[ \theta_{\text{deg}} = \frac{11}{14} \times \frac{180 \times 7}{22} = \frac{11 \times 180 \times 7}{14 \times 22} = \frac{13860}{308} = 45^\circ \]
\[ \boxed{l = 4.4\ \text{cm}, \ \theta = 45^\circ} \]