S$-$M:$10-8.$ Making sell or process further decisions $($Learning Objective$4)$Heavenly Dessert processes cocoa beans into cocoa powder at a processing cost of $59,700$ per batch. Heavenly Dessert can sell the cocoa powder as is$,$ or it can process the cocoa powder further into either chocolate syrup or boxed assorted chocolates. Once processed, each batch of cocoa beans would result in the following sales revenue:Cocoa powderChocolate syrupBoxed assorted chocolates$ $14,500103,000204,000$The cost of transforming the cocoa powder into chocolate syrup would be $$72,000.$ Likewise, the company would incur a cost of $$183,000$ to transform the cocoa powder into boxed assorted chocolates. The company president has decided to make boxed assorted chocolates due to their high sales value and to the fact that the cocoa bean processing cost of $$9,700$ eats up most of the cocoa powder profits.Has the president made the right or wrong decision? Explain your answer. Be sure to include the correct financiat gnalysis in your response.