Problem 01-15 (Static) [LO 1-6] Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis ma boards at a $5 material cost per unit. Wallis's labor and overhead added $1 to the cost per unit. Wallis sold the b customers for $7.50 per unit for a net profit of $1.50 per unit. Required: How much VAT does Wallis Company owe? (Enter your answer in dollars not in millions of dollars.) VAT