I agree with Mosh on the 1" lip, but if you are dead set on using just one sheet of .040 and nothing else, I would first put a small X crease from corner to corner. Just enough to give it some stiffness, but not enough so it looks like a bend.
I still think no matter what you do, just using the .040 by it's self will run you into some trouble down the road and end up costing you money.