Remmy has just retired with an investment portfolio equal to $1 million. She plans on using the 4% capital balance approach to retirement distributions. She also plans on distributing the amount in one lump sum at the beginning of the year. Her first year, she distributes $40,000 to live on, in addition to her other income. However, the market takes a significant decline, and her portfolio loses 40%. Her second year, after she takes her distribution, her portfolio increases by 20%. How much can Remmy take out in the third year if she is sticking with the 4% method?