K An office is deciding between two competing copiers. The copiers have the same basic features, but the initial prices and cost per copies are different. The following information has been collected for each copier. Copier 1 Copier 2 Initial installation & setup cost Cost per copy Useful life $4,400 $5,800 $0.095 $0.090 2 years 2 years Assuming the company will make approximately 390,000 copies annually, conduct a total cost of ownership analysis for the two copiers. The total cost of ownership for the Copier 1 is $(Enter your response as a whole number.) orrect: 3