My $0.02 cents…
At Uni (early 00’s) I had an Epson Stylus xxxxxxxxx something. A4 size, CMYK, £200. OK, A3 would have been preferable, but the quality and colour reproduction was superb, completely regardless of cost.
My employer now has an A3 equivalent, with at least 7 colours. Complete overkill, and completely not necessary.