Calculating 'cash flows over the life' The following information relates to TMA Corporation (TMA): TMA is evaluating whether to replace its existing production asset with a new production asset. The new asset costs $350,000 immediately and debt repayments associated with the new asset are $14,000 per annum. TMAs management plans to depreciate the new asset using a ten-year effective life. The new asset is more efficient and will cause TMAs yearly wages expense to decrease by $58,000 from