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Default Nested IF statements using AND / OR

I have successfully nested IF statement in the past, but my current task is
frustrating me. I want to test for two conditions. if both are present, I
want the results of a cell's value to X.

If both aren't present, I want to test for a third condition. If the third
condition is present, I want the cell's value to also be X.

If neither the two conditions exist or the one condtion exists, I want the
cell to display Y.

Here is what my formula looks like

=IF(((D1415) AND (G14="Y")),((I14*N14)/12),IF(C14.8,((I14*N14)/12),""))

The first part, the logical statement is coming back invalid.

Can someone help? Thanks.
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Joe Schwartz
 
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