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2) (15 points) A small business needs a printer and has narrowed its choices to a...

2) (15 points) A small business needs a printer and has narrowed its choices to a laser printer and a high-end ink-jet printe

2) (15 points) A small business needs a printer and has narrowed its choices to a laser printer and a high-end ink-jet printer. The purchase price and printing cost (cartridge and paper) data provided by the respective manufacturers is as shown below. Assume that either printer has a useful life of 2 years and zero resale value (Ignore the time value of money in your calculations.) Printer Purchase Price Printing cost per page Laser $400 $0.03 Ink-jet $250 $0.05 a) (8 points) How many pages must the business print each year for the total cost of purchasing and operating the two printers to be the same? b) (7 points) If the business expects to print 4,000 pages per year, which printer should be purchased and what is the average cost per page for this printer?
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