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Default Conditional Formatting using cell from another worksheet

I have a series of worksheets that refer to a "master" worksheet for
constraints. I want to be able to change the color of a cell on a worksheet
"P1" based on a value in a cell on the "Master" worksheet.
Example:
If !P1J15='Master'J15 BlueText, otherwise RedText

The Conditional Formatting says I can't use a formula reference to a cell in
another worksheet. Need help.
 
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