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Nero 2015 Platinum failed with "The installation of Microsoft VC Redist 2010 SP1 (x86) has failed. Setup will now exit" message

Receiving "The installation of Microsoft VC Redist 2010 SP1 (x86) has failed. Setup will now exit" message when installing Nero 2015 Platinum on Win 7 machine. Does anyone have a solution for this error.
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