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Default large formula question - Max nested functions

Does anyone know if this formula exceeds the maximum number of nested
functions?

=HYPERLINK(CONCATENATE(D102,(SUBSTITUTE(EL3,"
","+")),D104,(SUBSTITUTE(LEFT(EL4,(LEN(EL4)-4)),"
","+")),D106,"VA",D108,(SUBSTITUTE(VLOOKUP(EN11,Sh eet1!H2:L50,5),"
","+")),D110,(SUBSTITUTE(VLOOKUP(EN11,Sheet1!H2:L5 0,2),"
","+")),D112,SUBSTITUTE(LEFT(VLOOKUP(EN11,Sheet1!H 2:L50,5,LEN(VLOOKUP(EN11,Sheet1!H2:L50,5)-4)),"
","+"),D114& "VA"& D116),"Map")


This one seems to work without error, but I have a need to add an extra
VLOOKUP function to make the result correct.

=HYPERLINK(CONCATENATE(D102,(SUBSTITUTE(EL3,"
","+")),D104,(SUBSTITUTE(LEFT(EL4,(LEN(EL4)-4)),"
","+")),D106,"VA",D108,(SUBSTITUTE(VLOOKUP(EN11,Sh eet1!H2:L50,5),"
","+")),D110,(SUBSTITUTE(VLOOKUP(EN11,Sheet1!H2:L5 0,2),"
","+")),D112,SUBSTITUTE(LEFT(VLOOKUP(EN11,Sheet1!H 2:L50,5,LEN(EL4)-4)),"
","+"),D114& "VA"& D116),"Map")


If there's a better (cleaner) way to do this, I'm open to ideas.

Thanks,
Paul


 
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