Projected income statement for a project for years $1$ and $2$: Revenues $$4,000$ and $$5,000$; COGS $$2,500$ and $$3,000$; Depreciation $$500$ and $$400$; EBIT $$1,000$ and $$1,600.$ Initial capital investment is $$3,000.$ Working capital is $6\%$ of the expected revenue; investment in working capital is made at the beginning of each year. The $$4,176$firm pays $14\%$ taxes on its profit. Estimate cash flow for Year $2.$

The correct answer is $$4,176.$ Tell me the calculation process please.