$\\left(\\frac{2^{3}}{4}\ ight)^{4}$

$\left(\frac{2^{3}}{4}\
ight)^{4}$

First, calculate $2^3 = 8$, then simplify $\frac{8}{4} = 2$. So the expression becomes $2^4$.

Compute $2^4 = 2 \times 2 \times 2 \times 2 = 16$.

16