3451500 - Installation of latest CR ADD-ON FOR BS APPS version failing as Microsoft .NET Framework 2.0 cannot be found

• When trying to install the latest version of CR ADD-ON FOR BS APPS 1.0 Windows on x64 64bit, it is failing as Microsoft .NET Framework 2.0 cannot be found:
  
  'Not all package prerequisites are fulfilled.
  
  Crystal Reports ALV Adapter:
  • Microsoft .NET Framework 2.0 cannot be found
  You can download Microsoft .NET Framework 2.0 from here: Download
  Please restart the installation of the Crystal Reports ALV Adapter after this.'

• CR ADD-ON FOR BS APPS 1.0 Windows on x64 64bit
• Microsoft .NET Framework 4.8

CR Add-On ALV Microsoft .NET Framework 2.0, install prerequisites, crystal report , KBA , BC-SRV-ALV , SAP List Viewer , BI-RA-CR , Crystal Reports designer or Business View Manager , Problem