Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 7.8 million boards at a $5.60 material cost per unit. Wallis's labor and overhead added $1.12 to the cost per unit. Wallis sold the boards to various customers for $8.40 per unit for a net profit of $1.68 per unit. Required: How much VAT does Wallis Company owe? Note: Enter your answer in dollars not in millions of dollars. VAT