Planar extensional flows of a dilute polymer solution are investigated using a free-draining bead-rod model. For steady flows, an analytic expression for the probability density of the polymer configuration is available. It is, found that part of the associated steady polymer stress is unambiguously viscous at all time scales, in the sense that on cessation of flow it disappears instantaneously, but, except at very high flow rates, the elastic component is larger. A Brownian dynamics simulation of the chain is constructed for start-up flows for which no analytic expression is known. A stress that is apparently viscous is found to develop alongside the elastic stress, having comparable magnitude at moderate flow rates. An interpretation of this result for a system having a wide spectrum of relaxation times is given. This feature is not captured by conventional FENE constitutive equations, and a novel model is developed. The consequences for calculations of complex flows are briefly discussed.