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"172.16 /12" Translates to 172.16.0.0 - 126.96.36.199, so you could use this addressing scheme. You could have over a million hosts.
If you change the mask to /16 you will have 16 networks wit 65,536 hosts each. If you change the mask to /24 you an get 4,080 networks with 253 hosts each.
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