Querrey Incorporated and Ronno incorporated conduct business in a foreign country that imposes a 3 percent VAT. Querrey produces entertainment videos at a $4.2 material cost per unit and sells the videos to Ronno for $6.8 per unit. Ronno sells the videos at retail for $7.9 per unit. This year, the combined efforts of Querrey and Ronno resulted in sales of 8.6 mallion videos to the public.. Required: Compute the VAT for each corporation. Note: Enter your answers in dollars not in millions of dollars