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To extract the last name from a list of names using the TEXTAFTER function, start by entering the formula in the formula bar: `=TEXTAFTER(<cell containing name>, " ", -1)`. The first argument of TEXTAFTER is the text (the cell with the name), and the second argument specifies the delimiter, which is a space (" "). The "-1" indicates that you want the last occurrence. After entering the formula, copy it down to apply it to the other cells.