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Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 6.4 million boards at a $2.80

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Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 6.4 million boards at a $2.80 material cost per unit. Wallis's labor and overhead added $0.56 to the cost per unit. Wallis sold the boards to various customers for $4.20 per unit for a net profit of $0.84 per unit. Required: How much VAT does Wallis Company owe? (Enter your answer in dollars not in millions of dollars.) VAT $ 0

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