Computer based math question IPV4 calculate unique addresses?

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Internet Protocol Version 4 (IPV4) addresses consist of 32 bits.

In human readable form as composed of 4 8-bit numbers.

How many unique addresses (including zeros) are possible with IPV4?

I have seen online the answer is

$2^{32}$ = 429496296

I am not sure if this is correct I would of though a Permutation calculation should be preformed?