The world's largest carpet maker has just completed a feasibility study of what to do with the 16,000 tons of overruns, rejects, and remnants it produces every year. The company's CEO launched the feasibility study by asking, why pay someone to dig coal out of the ground and then pay someone else to put our waste into a landfill? Why not just burn our own waste? The company is proposing to build a Php10 million power plant to burn its waste as fuel, thereby saving Php2.8 million a year in coal purchases. Company engineers have determined that the waste-burning plant will be environmentally sound, and after its four-year study period the plant can be sold to a local electric utility for Php5 million. If the firm's MARR is 15% per year, determine the acceptability of this proposal using the following methods:

A. Future Worth method

B. Conventional Payback method

C. Internal Rate of Return method D. Conventional Benefit-Cost Ratio method