Answer
$0.143hp$
Work Step by Step
As we know that
$P=\frac{W}{t}$
but $W=mgh$
$\implies P=\frac{mgh}{t}$
We plug in the known values to obtain:
$P=\frac{(12.0lb\times 4.448\frac{N}{lb})(2.00m)}{1.00s}$
$P=107W\times \frac{1hp}{746W}=0.143hp$