What is the number? It is a huge red flag if you see an article that cites a profits number without citing a number for capital invested. You literally cannot reach a conclusion either way without comparing the two numbers.
You cannot reach a conclusion. A conclusion is a rational thing based on comparing realistic alternatives.
As the user of the water system you do have to care about the return on investment. Because the alternative is to have the government take out bonds to pay for that work, and you’d have to pay the interest on those bonds with your tax dollars.
