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First make sure you have XNA installed: https://www.microsoft.com/en-us/download/details.a... - if you aren't sure, just run the installer and reboot anyway.

If that doesn't work, try running the application as administrator. Less likely is that you are missing the .Net runtime: https://www.microsoft.com/en-us/download/details.a... Try that if the XNA installer doesn't work.

If it still doesn't run, post again and we can explore other options :)