2006, $200,000 was generated from the largest 20 projects, and $400,000 was generated from the smallest 100 projects. The results of this analysis are shown in Panel A of Exhibit 2. This was a little hard for me to believe, so I did a second analysis, shown in Panel B. For the second analysis I looked at the largest 60 projects and the smallest 60 projects ranked by project revenue. This points to a conclusion that the larger and smaller projects are equally profitable, which seems more plausible…
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