In the current year, a company reported cash flow from operating activities of $120,000, cash flow from investing activities of ($65,000), and cash flow from financing activities of $70,000. In addition, the company paid interest of $16,000, had net capital expenditures of $90,000, and issued net new debt of $25,000. The marginal tax rate is 35%. Compute the free cash flow to the firm for the current year.