What will happen if$,$ in an IF function, you accidentally omit the quotes from the value$\_$if$\_$true and value$\_$if$\_$false arguments as follows?

$=$IF$($C$4,$ eligible, ineligible$)$

Excel will default to putting in zero $(0)$ for the if$\_$value$\_$true argument and zero $(0)$ for the if$\_$value$\_$false argument when the condition is met

Excel will automatically put quotes around these for you and the function will execute without error

Excel will look for a range named eligible or ineligible $($depending on which condition was met$)$ and either returns the value from that range or gives a #NAME? error if the named range does not exist

Excel will not allow you to complete the function