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Company W produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Company W manufactured 6.5 million boards at a

Company W produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Company W manufactured 6.5 million boards at a $3.0 material cost per unit. Company Ws labor and overhead added $.60 to the cost per unit. Company W sold the boards to various customers for $4.5 per unit for a net profit of $.90 per unit. How much VAT does Company W owe? (Enter your answer in dollars not in millions of dollars.)

VAT=

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