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To extract the last name from a list of names in a cell, use the formula: `=TEXTAFTER(A1, " ", -1)`, where A1 contains the full name. The first argument of the TEXTAFTER function is the text in the selected cell, and the second argument is the delimiter, which is specified as a space (" ") in this case. The instance number is set to -1 to indicate that we want the last occurrence of the delimiter, allowing us to retrieve the last name. After entering the formula, you can copy it into the cells below to apply it to other names.