yes, 12V is a correct power supply.
the power supply will power up the on board electronics, it wont power up the sensors. you will need a separate power supply for that.
I believe the on-board power regulator can handle around 30V Max, but we typically stock 12V supplies and do all of our design and testing around these supplies. Bhaskar is traveling right now, so there may be delays in his responses.
Thanks,
Ryan