Simplify $\left(x^3\right)^4$ using the power of a power property: $\left(a^m\right)^n=a^{m\cdot n}$. In the expression, $m$ equals $3$ and $n$ equals $4$
Multiply $3$ times $4$
Simplify the fraction by $x$
Subtract the values $12$ and $-2$
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