Step 1: Treat distance and dielectric as two separate scaling factors.
Since $C = \dfrac{K\epsilon_0 A}{d}$, doubling the gap alone would scale capacitance by $\dfrac{1}{2}$, while filling it with a dielectric of $K=4$ alone would scale it by $4$.
Step 2: Multiply the two factors together.
\[
\frac{C_{\text{new}}}{C_{\text{old}}} = K\times\frac{d_{\text{old}}}{d_{\text{new}}} = 4\times\frac12 = 2
\]
Step 3: Apply to the given value.
\[
C_{\text{new}} = 2\times12 = 24\ \mu\text{F}
\]
\[
\boxed{24\ \mu\text{F}}
\]