Analyze the following scenario and recommend a solution either cloud based or on-premises

The XYZ company wants to deploy an application in a cluster of 4 virtual servers running on 2 dedicated physical servers, with a 1 TB database. Each of the physical servers costs $8,000; Software for four virtual servers: $12,300. Setup and application deployment for four virtual server: $5,500. Environmental Fees $820/month, Licensing Fees: $250/month, Hardware Maintenance: $100//month and labor: $3,800/month.

As an alternate to the above on-premises solution, the company is also thinking about a cloud based solution. Market analysis found the following information. The migration is estimated at $45,000. Server Instance $1.20/hour per virtual server but their dynamic load is equivalent to 2.75 servers. Database Server and Storage: at a rate of $1.09/GB per month. Network: at the rate of $0.10/GB and a monthly volume of 700GB. Labor: Estimated at $1200/month

Compare over a four-year period total cost for On-premises IT and Cloud-based IT. Post your answer