First, calculate the equivalent resistance of the two resistors in parallel:
\[
\frac{1}{R_{\text{parallel}}} = \frac{1}{4} + \frac{1}{6} = \frac{5}{12}
\]
Thus,
\[
R_{\text{parallel}} = \frac{12}{5} = 2.4 \, \Omega
\]
Now, the total resistance in the circuit is:
\[
R_{\text{total}} = R_{\text{parallel}} + 2 = 2.4 + 2 = 4.4 \, \Omega
\]
Now, use the formula for power:
\[
P = \frac{V^2}{R_{\text{total}}}
\]
Substitute the values:
\[
P = \frac{12^2}{4.4} = \frac{144}{4.4} = 32.7 \, \text{W}
\]
Thus, the total power dissipated is 32.7 W.