IF AND IS BLANK formula

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I am trying to make a formula for an approval flow. I am trying to distinguish between requests that require approval and those that only require being informed. I am currently using the following formula, where the Reviewer 1 and Approver 1 are text columns containing names. I'm receiving the #INCORRECT ARGUMENT SET error code.

=IF(AND(ISBLANK([Reviewer 1]@row, ISBLANK([Approver 1]@row), "Inform", "Approve")))

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