Now assume the market condition is getting worse in $2023.$ Still, he assessed that there is a $65\%$ chance that he can secure contract for specialty egg but if he can$$t$,$ he is forced to sell at open market $($and accept the loss$).$ Cox has to make a decision whether to revert his farm to a regular $($non$-$specialty$)$ egg production. If he chooses to do so$,$ his cost structure significantly reduce $($table below$)$ but he incurs a one$-$time cost of $$250,000.$ For regular eggs, the current contract price is $$0\mathrm{.}9$ and seems stable at least for the next year. What would you recommend? Do a sensitivity analysis to show your recommendation is robust.

Approximate costs structure for OCF $($if hens are spent on week $78)$ $ $/$ Per Bird

Acquisition from Hatchery $$0\mathrm{.}95$

Total pre$-$production cost weeks $1-23$ $$4\mathrm{.}25$

Fixed overhead cost $($facilities$,$ debt service, etc.$)$ $$3\mathrm{.}24$

Variable production costs $($feed$,$ transportation, labor, etc.$)$ $$18\mathrm{.}7$

Depopulation $$0\mathrm{.}15$Now assume the market condition is getting worse in $2023.$ Still, he assessed that there is a

$65\%$ chance that he can secure contract for specialty egg but if he can't, he is forced to sell at

open market $($and accept the loss$).$ Cox has to make a decision whether to revert his farm to a

regular $($non$-$specialty$)$ egg production. If he chooses to do so$,$ his cost structure significantly

reduce $($table below$)$ but he incurs a one$-$time cost of $$250,000.$ For regular eggs, the current

contract price is $$0\mathrm{.}9$ and seems stable at least for the next year. What would you recommend?

Do a sensitivity analysis to show your recommendation is robust.