As an office manager, you want to choose from buying a copier or renting one. You can buy one for $8000 with a fee of $30 a month or rent a copier machine for $200 per month. The cost of copying if you own one is four cents per copy and when you rent it, the cost is eight cents per copy. You estimate that you make 5000 copies per month.Find a formula for the cost of copying when you own the machine by using the number of months as independent variable.Find a formula for the cost of copying when you rent the machine by using the number of months as independent variable.Find the cost for each option for each year of the first five years.Suppose you want to keep the copier machine for eight years; which option is better for you? How about if you want to keep the same machine for 10 years?After how many years would the cost of both options be the same?Identify the number of months where neither owning or renting the machine holds a cost of ownership advantage.What effect would the cost of copying doubling have on cost of ownership and renting? Graph or show hand calculations.If you cannot sell the copier for 80% of its value at any time, how does the analysis change? Graph or show hand calculations.Paper must be written in 3rd personYour paper should be 800-900 words, and cite and integrate at least one credible outside source. The CSU-Global Library (Links to an external site.)Links to an external a great place to find resources. Your textbook is a credible resource.Include a title page, introduction, body, conclusion, and a reference page.The introduction should describe or summarize the topic or problem. It might discuss the importance of the topic or how it affects you or society as a whole, or it might discuss or describe the unique terminology associated with the topic.The body of your paper should answer the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.The conclusion should summarize your thoughts about what you have determined from the data and your analysis, often with a broader personal or societal perspective in mind. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs.Include any tables of data or calculations, calculated values, and/or graphs associated with this problem in the body of your assignment.Document formatting, citations, and in APA style