Filtering and Formulas using a Multi- Select Text Field

I am trying to organize our work with out grant objectives. I have now a multi-select field with the objectives written in its called "Primary Objectives". I want to create a field that can read from the "Primary Objectives" and will output  text identifying the grant name.  I tried using Contains([Primary Objectives]), "Objective 1", CEE," 
"CEE" is the desired output. Does anyone know if this is possible or maybe I can use dynamic form rules?

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Nada Mousa
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