I am trying the demo version of RVC 5.2.1 on my Win 7 machine to see if I want to upgrade from my existing RVC 4.x license.

Unfortunately, when I attempt to start recording in MPEG-4, I immediately receive an error dialog box titled:
Replay Video Capture Message
with a message of:
Cannot install codec Microsoft MPEG-4 Video Codec V3

I've tried installing and running RVC as an administrator but there is no change in the result.

Any guidance?

Thanks,
Chris