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hyper-v failover clustering: licensing costs

We are looking at implementing hyper-v failover clustering between 2 phsycal hyper-v server for redundancy. What Microsoft licensing costs are involved / software required to purchase ?

Must the 2 servers be exactly identical in terms of hardware, or could we have the failover server with less expensive  (ex: Sata drives instead of sas, slower raid controller, etc). this is for a small installation (40 users) looking at implementing failover in case of failure of the main server, while the defective server is fixed.

Thanks.
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