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

Help Studio
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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.

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

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