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Default 14 Clients

Column P has a picklist of 14 clients. With exception of 2 they are charged a
standard rate of $26, the exceptions are $25 for hackney and $30 for lewis.
Howcan I write a better formula than the one below?
=IF(L3="Hackney",25,IF(L3="Lewisham",30,IF(L3="Pin nacle",26))) ... which
returns a FALSE because I cannot include all the arguments.
 
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