This error has popped up a few times with users installing TBC v5.40.
The issue is caused by a missing DLL file in the Windows System 32 folder.
The fix is to download and install the .exe files found in the link below
Click Here for the link
More detail is provided at the above link. Download and install the files
vc_redist.x86.exe
vc_redist.x64.exe
For some PC’s the x64 version alone fixed the problem, on other computers they have had tio run both files to cure the issue.