Multiple IF(AND( Statement

[SpeedyFingers]

I don't understand what I am doing wrong when I know how simple this is. The "NPV" will show for the File Type 1 but I am getting a "FALSE" with the File Type 2 and not cell AG3 that i'm referencing. Please help!

S3 = File Type
AC = Amount
AP = A specific amount
AG = Location Type

=IF(A3="","",IF($AC3>$AP$1,"NPV",IF(AND($S3="File Type 1",$AC3>$AP$1)="NPV",$AG3,IF($AC3>$AP$1,"NPV",IF(AND($S3="File Type 2",$AC3>$AP$1)=AG3,"NPV")))))

 

[SpeedyFingers]

I changed the formula to the following and it works but I need to add different file types. When I do I get an error.

=IF(A2="","",IF(AND($S2="NGSE RASS",$AC2>$AP$1)="",$AG2,IF($S2="FHLMC Reactive",AG2,"NPV")))