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Default #Value! error on code that should be correct?

I am currently converting lotus 1-2-3 workbooks into excel 2007 workbooks for
my company and I have ran into a road block, It seems that excel will not
automaticly reconize a "blank" or zero and is producing the #Value error The
following will be the code and the cells it links to I would like it to
produce a zero if nothing is in the cell. Please help:
1.)=SUM(C40:F40)<<<<<This is T40
2.)=IF(T400,T40,0)<<<<<This is G40, which is 0
3.)=IF(G400,IF(N400,AI40,M40),0)<<<<Q40
4.)=IF(G400,G40,0)<<<<N40, Which is 0
5.)=IF(N400,1.3*((N40*P40)^0.625/(N40+P40)^0.25),M40)<<<AI40, Which is a
#Value! error
6.)=IF(L400,(L40/(3.5^LOG10(AB40*13.2)*2.04)/1.77)^(1/LOG10(AA40*8)),0)<<<<
That is M40 which is also a Value err.
7.)=IF(G400,(T$14/G40)*H$12,0)<<<That is AB40, Which is 0
8.) =IF(L400,(1.08*(L40^0.36))/(AB40^0.0009)-(AB40*10.1-2),0) <<< that is
AJ, Which is a Value error

I have most of this calculation sheet completed there is 8 rows of this
problem on 30 sheets I have not been able to crack. I don't understand why
excel doesn't look at a 0 or blank space and calculate as such if your trying
to multiply a "blank" which = 0 (or at least it should be) why it wouldn't
just make that cell a zero or blank. Also sorry about the formating but I
thought with the math it might help to break it down. Its Upper level Trig.
 
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