How Do I Resolve A Microsoft.VC90.CRT Setup Error?

Attempts to install Box's desktop applications may result in the following error message, which is often the result of Windows Installer or .NET Framework corruption:

To resolve this error, please try the following:

• Install Microsoft Visual C++ 2008 SP1 Redistributable Package (x64)
• Run the .NET Framework Repair Tool
• Run the Microsoft Fixit Script