Printer cartridge costs more than the printer.

We had a run-of-the-mill HP Deskjet back in the mid 90s which had an enormous cartridge that would last us, a family of two college professors in grad school and a daughter in elementary, a healthy 6 months. By the time it died in the early 2000s all the available ink-jet printers had cartridges a fraction of the size, and would last us just a week! So we opted for budget Samsung laser printers, and each toner cartridge took us back to 6 months of use. Toners aren't cheap, about 80% the cost of the printer. But at least we didn't have to worry about it running dry during finals week. We've since finished our PhD's, and our daughter finished her AB, so our printer is used much less. I haven't changed toners in a couple of years.
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This assumes that your newer computer has the hardware to support older devices. In the OP case, I think that the printer has a parallel port and I think that those went out around 2002-2004. It's like the question: what do you do with hardware that needs an ISA bus? Or SCSI I. Or how do you read a magtape drive or punched paper tape?
OP-I have the same model AIO. The black cartridges are refillable. Takes 5 minutes to do the whole thing. Install and tell device to proceed and it will be accepted. The color cartridge is harder to refill because you have 3 reservoirs to fill. But they're easy to do. Canon is the only manufacturer that lets you refill and plug it back in. Others require a chip reset device to reset the cartridge chip so the printer knows that the cartridge is full. If time is an issue, Costco has a refill service, but it is pretty easy to learn to refill them. I buy my bulk inks on the bay.

FWIW, older printers can be made compatible with Windows OS8+. A converter cable that has parallel-USB2 connections is all that is required. Think BJC-200 for a friend and I have a BJC-2100 running. When installing or looking for drivers, select the device and get to Windows Update to have Microsoft find the driver. They have many drivers for older printers which they have grouped into classes.