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Default return in fractions with multiple divisors, linear

I need to have values returned to within 1/16 of an inch, but if the awnser
is 3/8 or 1/2 or 1/4 I need it to say so, all I can get is

3/8 returns as 6/16
1/2 returns as 8/16

is there a way to get around this witin the cell format function
 
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