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.