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To extract the last name from a full name using the TEXTAFTER function, follow these steps: In the formula bar, enter the function as follows: `=TEXTAFTER(selected_cell, " ", -1)`. Here, the first argument is the text containing the name (the selected cell), and the second argument specifies the delimiter, which is a space (" "). The instance number is set to -1 to indicate that we want the last occurrence. After entering the formula, copy it down into the cells below to apply it to other names.