You have to do a little math. Keep in mind that you'll still be doing some cutting of the rail ends on the center and inside running rails.
- Atlas flex is 40" long, so your half circle's outside rail will have a length of 160"
- Divide the 160 by PI (3.1415926) That will give you the curve's radius (50.93)
- Select "Custom Radius Curve" as your track section.
- Set your arc to 45 degrees.
- Set your radius to the number you got in step #2 and you should be good.
Note I said radius above. O gauge 3-rail track is referred to by its diameter which is twice the radius, so your curve above will be O-101.86