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Since the two figures are similar, their sides are in proportion.
If the side length of the smaller parallelogram is 4 feet and its area is 8 ft squared, then the side length of the larger parallelogram is 16 feet.
Therefore, the area of the larger parallelogram would be:
(16 ft / 4 ft)^2 x 8 ft^2 = 64 ft^2
So, the area of the larger parallelogram is 64 ft squared.