Today you are considering to run a campus printer business for all 4 years while you are in college which you will start exactly 1 year from now (t = 1). To start this business you have to purchase 4 industrial printers for $10, 000 each today (t = 0). Each printer is going to depreciate (real terms) to $2, 000 in 4 years. To run your business you estimate that each year you will need to purchase 12 ink cartridges for each printer for $100 each (nominal terms). Each printer will also generate $100 (nominal terms) in electrical costs per year. The resale value of each printer will be $3, 000 (real terms). You plan to charge $0.01 (one cent, real terms) per page. How many pages do you need to print each year to break even? Please record your answer in millions using 2 digits after the decimal. The tax rate is 20%, the nominal discount rate is 10%, and the rate of inflation is 2% (you should use a shortcut r = R + i to find the real rate).

(Need each step, please no excel)