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Default Whats wrong with this OR formula?

Greetings. I am trying to get this formula containing an OR command that
looks like this:

=IF(OR(F15=" ",F15=0,ISERROR(F15)),"N/A","Approval Needed")

When #N/A appears in cell F15 because of an invalid lookup value, I still
get #N/A instead of N/A like I have in quotes above. Why won't this formula
work?

Thanks


 
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