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Default Replace "Cell based" formulas with "word-based" formulas

Not sure if I am doing this correctly, but, I have a small group of
accounting information, and the fomulas I have in place, I need to replace
them with names. So instead of =A4-A5, it has to be =(€˜Selling price
€˜Proposal B) €“ (€˜variable cost €˜Proposal B) How do I make this change??

I am using Excel 2007
 
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