Two years ago Agro Inc., purchased an ACE generator that cost $350,000. Agro had to pay an additional $60,000 for delivery and installation, and the investment in the generator required the firm to increase its net working capital position by $30,000. The generator, which is being depreciated over a period of 8 years using straight-line depreciation, has a current market value of $73,400. The firms marginal tax rate is 40 percent. If the firm liquidates the asset for its current market value, compute the after-tax proceeds from the sale of the asset. Round your answer to the nearest dollar.