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Default Can an If statement answer an If statement?

=IF(Pace!J37,IF(Sheet1!AQ7<1.1,1320/FeetSecond!G4,(1320-(Sheet1!AR7*10)/FeetSecond!G4)),IF(Sheet1!AQ7<1.1,1320/FeetSecond!G4,(1320-(Sheet1!AR7*10)/FeetSecond!G4)))

Is it possible for an If to be answered by more If's ?
 
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