The time period of a satellite of earth is \( 24 \, \text{hours} .\) If the separation between the earth and the satellite is decreased to only fourth of the previous value, then its new time period will become.
\( 6 \, \text{hours} \)
\( 12 \, \text{hours} \)
\( 3 \, \text{hours} \)
\( 4 \, \text{hours} \)