Marcella (a calendar year taxpayer) purchased a sculpture for $5,000. When the sculpture is worth $12,000 (as later determined by the IRS), Marcella donates it to the Peoria Museum of Art, a public charity. Based on the appraisal of a friend, Marcella deducts $38,000 for the donation. Because Marcella was in the 28% tax bracket, overstating the deduction by $26,000 results in a tax underpayment of $7,280. Compute Marcella's overvaluation penalty?