The problem is that the KB2999226 (Universal CRT) which is part of the Visual C++ Redistributable for Visual Studio 2015 failed to install.  Here is how to fix it:

  1. Install Windows Updates:

    • Go to Start - Control Panel - Windows Update
    • Check for updates
    • Install all available updates.
    • After the updates are installed, restart your computer.
    • After the restart repeat the steps above again until no more updates are available.
  2. Download the Visual C++ Redistributable:

  3. Run the vcredist_x64.exe (64-bit) or vcredist_x86.exe (32-bit) and select Uninstall

  4. Run the .exe again and select Install

Special thanks to SmartFTP for the solution.