If you want the input in 16ths, just use something like 188 13/16.
If you want the output in 16ths, change the formula from
=INT(A1/12)&" ft "&TEXT(MOD(A1,12),"#.00")&" in" to
=INT(A1/12)&" ft "&TEXT(MOD(A1,12),"# ??/16")&" in"
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