11 A small firm is considering the purchase of a photocopier. This will cost 2,000. An alternative to purchase to enter into a leasing agreement known as an operating lease, in which the agreement can be terminated with only one month's notice. This will cost 60 per month. The firm is charged interest of 12 per cent on its overdraft. Required: Consider the advantages and disadvantages of each method of obtaining the use of a photocopier.