How much compression should each cylinder have on a 1986 fzx700?

The shop I took to said I am only getting 40psi on each cylinder and it needs new cylinders.He gave an estimate of $1600us.I find this hard to believe,I am not getting any smoke from the exhaust.I took it to be repaired for hard starting when cold.Only would start cold is by push starting.Once started the bike would run fine with lots of power.Would start and run fine while warm,but when cool have to push to start.I figured it would be something with the choke .Help please.I am not sticking another $1600 into it.

Wish I was around back when this was posted. Sounds like the shop is trying to rip him off. Should have been 120 or so. I have the actual figure in my manual.