Can't Get Drop List To Cooperate With Conditional Formatting

When creating a new rule in conditional formatting I input,

=IF(AND(AND(AND(OR($B$5<0.011,$B$5>0.0215),$B$2>0,$B$2<400),$B$4>=2,$B$4<=2.499),$B$1=”Galling”),TRUE,IF(AND(AND(AND(OR($B$5<0.011,$B$5>0.0235),$B$2>=400,$B$2<500),$B$4>=2,$B$4<=2.499),$B$1=”Galling”),TRUE,IF(AND(AND(AND(OR($B$5<0.011,$B$5>0.0255),$B$2>=500,$B$2<600),$B$4>=2,$B$4<=2.499),$B$1=”Galling”),TRUE,IF(AND(AND(AND(OR($B$5<0.011,$B$5>0.0275),$B$2>=600,$B$2<700),$B$4>=2,$B$4<=2.499),$B$1=”Galling”),TRUE,IF(AND(AND(AND(OR($B$5<0.011,$B$5>=0.0295),$B$2>=700,$B$2<800),$B$4>=2,$B$4<=2.499),$B$1=”Galling”),TRUE)))))

but it doesn't highlight the given range red. When I switch the value, "Galling", with a numerical value like 5 it works. I can't figure out how to make the given conditional formatting rule work with the value; "Galling"

Also if anybody knows how to make the font size larger for the selectable options of the drop list. Changing the font size of the cell only affects the selected option.

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