Wallis Company produces circuit boards in a foreign country that imposes a $15$ percent VAT. This year, Wallis manufactured $8\mathrm{.}3$ million boards at a $$5$ material cost per unit. Wallis's labor and overhead added $$1$ to the cost per unit. Wallis sold the boards to various customers for $$7\mathrm{.}50$ per unit for a net profit of $$1\mathrm{.}50$ per unit.

Required:

How much VAT does Wallis Company owe?

Note: Enter your answer in dollars not in millions of dollars.

VAT