Evaluate the following expression.

12P4

12P4 = 12! / (12-4)!

Calculating the factorial values:

12! = 12 x 11 x 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 479001600

(12-4)! = 8! = 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 40320

Plugging these values back into the expression:

12P4 = 479001600 / 40320 = 11880

Therefore, 12P4 = 11880.