Querrey Incorporated and Ronno Incorporated conduct business in a foroign country that imposes a 3 percent VAT, Querroy produces entertainment videos at a $4.0 material cost per unit and sells the videos to Ronno for $6.5 per unit. Ronno sells the videos at retall for $7.5 per unit. This year, the combined efforts of Querrey and Ronno resulted in soles of 8.5 milion videos to the public. Required: Compute the VAT for each corporation. Note: Enter your answers in dollars not in millions of dollars