Step 1: Recall parallel plate capacitor formula.
\[
C = \frac{\epsilon_0 A}{d} \quad \text{for air}, \quad C = \frac{K \epsilon_0 A}{d} \quad \text{with dielectric}
\]
Step 2: Identify given values.
Initial capacitance \(C_0 = 12 \, \mu\text{F}\), initial distance \(d_0\). After modification: distance doubled \(d = 2 d_0\), dielectric constant \(K = 4\).
Step 3: Apply formula with new values.
\[
C = \frac{K \epsilon_0 A}{d} = \frac{4 \cdot \epsilon_0 A}{2 d_0} = 2 \cdot \frac{\epsilon_0 A}{d_0} = 2 C_0
\]
Step 4: Compute new capacitance.
\[
C = 2 \cdot 12 = 24 \, \mu\text{F}
\]
Step 5: Verify reasoning.
Increasing distance decreases capacitance by factor 2, dielectric increases it by factor 4, net factor 2. Result consistent.
Step 6: Final conclusion.
Hence, the new capacitance is:
\[
\boxed{24 \, \mu\text{F}}
\]