Urgent Issue: Excel Application Scope Faulting - Exception From HRESULT: 0x8007007E

Studio Version: 2018.4.7 (Enterprise)
OS: Windows 10
UiPath.Excel.Activities Version: 2.5.1

Why am I encountering this error? How can I resolve it? I don’t have the option to upgrade Studio (for organizational reasons) or the Excel package (for compatibility reasons).

Thanks in advance for your help.

For the future reference of other users, here’s the solution:

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