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:
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.
Download the Visual C++ Redistributable:
For Windows 64-bit
Visual C++ Redistributable for Visual Studio 2017 (64-bit)
For Windows 32-bit
Visual C++ Redistributable for Visual Studio 2017 (32-bit)
vcredist_x86.exe(32-bit) and select Uninstall
- Run the
.exeagain and select Install
Special thanks to SmartFTP for the solution.