7408 ÷ 5 = 1481 R3
Alright, let's work through the division of 7408 by 5 step by step.

Step 1:
5 goes into 7 1 times with a remainder of 2.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 5 from 7 to get 2.
Bring next digit (4) of the dividend behind the 2 and repeat the process: 24 / 5

Step 2:
5 goes into 24 4 times with a remainder of 4.
Write down 4 as next digit of of the result. 
Result so far: 14
Subtract 20 from 24 to get 4.
Bring next digit (0) of the dividend behind the 4 and repeat the process: 40 / 5

Step 3:
5 goes into 40 8 times with a remainder of 0.
Write down 8 as next digit of of the result. 
Result so far: 148
Subtract 40 from 40 to get 0.
Bring next digit (8) of the dividend behind the 0 and repeat the process: 8 / 5

Step 4:
5 goes into 8 1 times with a remainder of 3.
Write down 1 as next digit of of the result. 
Result so far: 1481
Subtract 5 from 8 to get 3.

The final result is 1481 with a remainder of 3.