I have some code that plugs in a formula. The formula is not calculating
and instead is showing up as the code itself.

This is the formula:
ActiveCell.FormulaR1C1 = _

"=IF(OR(RC[-2]=Cond1,RC[-2]=Cond2,RC[-2]=Cond3,RC[-2]=Cond4,RC[-2]=Cond5,RC[-2]=Cond6,RC[-2]=Cond7,RC[-2]=Cond8,RC[-2]=Cond9,RC[-2]=Cond10,RC[-2]=Cond11,RC[-2]=Cond12,RC[-2]=Cond13),""C&I"",RC[1])"

Once the code runs, the cells show this:
=IF(OR(RC[-2]=Cond1,RC[-2]=Cond2,RC[-2]=Cond3,RC[-2]=Cond4,RC[-2]=Cond5,RC[-2]=Cond6,RC[-2]=Cond7,RC[-2]=Cond8,RC[-2]=Cond9,RC[-2]=Cond10,RC[-2]=Cond11,RC[-2]=Cond12,RC[-2]=Cond13),"C&I",RC[1])


instead of the results. Note: COND1, cond2, cond3, cond4, etc. are a named
range in another sheet. Can anyone please tell me why the code is not
calculating? As a side note....the cells are formatted as text after code
run....and general before the code runs.