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To extract the last name from a list of names using the TEXTAFTER function in Excel, enter the formula as follows: begin with the function `=TEXTAFTER(`, then select the cell containing the full name as the first argument. For the second argument, specify the delimiter, which is a space (use `", "` for a space). The third argument should indicate the instance number, which is `-1` to target the last name. Finally, close the parentheses. After creating the formula, copy it into the cells below to apply it to other names.