Companies that have a high demand for making coples, both color and black and white, often choose to lease a high end copler that provides fast and reliable service at a reasonable cost. The lease is usually for 3 to 5 years, and the cost to the user is $016 per page for black-and-white coples and typlcally $0,245 per page for color coples. These are the terms of your current 3 year lease contract with Ricoh Company, which is up for renewal this month; the lease terms are expected to be the same for the next 3 years. If renewed. Hewlett-Packard Company (HP) developed an innovative copler that can teduce the cost of color coples, The copier measures exactly how much color is used in a color copy so that the price of the copy can be determined by the amount of color used rather than a fived price per page. The cost could be as low as $0.236 per page for a color copy. HP calls this a "flexible-pricing" approach Assume for this example that the cost of the leased copler ( 3 year lease) is only the per-pace charge-the initlal lease cost is negliglble, and the service costs would not differ between the HP copler and the copler you are using now. Your compary is an advertising agency. Tanner and Jones UC, and the quality of the color coples is critical to your businesp success. The ablity to rely on the coplet at ary time is alco very important because some custornet requests tequire urgent atternison. You believe that the Ricoh and HP printers are of the same reliability, but you hove not had experience with the HP copler to be sure of the copy quality. The demonetration of the HP copter has shown as good or better copy quality, but you have not had 3 yearE' experlence with it to know what it would be tike day-to-day. Required: 1. Assume that your company is considenng the lease of one of these HP coplars. and you expect that the averape price for a colot copy for your company would be 50.236 because you would carefuly promite colon copy oba and reduce the number of copled $2646 for materials and lost work time. What is the breakeven number of color copioc per year that would make you notercnt between the new HP copler and your current copler? (Pound your answer up to the nearest whole number) leaso and the cost of color coples, what price would you bargain for? (Round your answer to 4 decimal places)