Georgio, a calendar year taxpayer subject to a 32% marginal Federal income tax rate, claimed a Form 1040 charitable contribution deduction of $300,000 for a sculpture that the IRS later valued at $120,000. The applicable overvaluation penalty is: Oa. $-0- Ob. $60,000 Oc. $23,040 Od. $11,520 Oe. $10,000 (maximum penalty)