Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 7.4 million boards at a $4.80 material cost per unit. Walliss labor and overhead added $0.96 to the cost per unit. Wallis sold the boards to various customers for $7.20 per unit for a net profit of $1.44 per unit. Required: How much VAT does Wallis Company owe? Note: Enter your answer in dollars not in millions of dollars.