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IWR1642BOOST: mmWave Studio Matlab Engine couldn't be started..

Part Number: IWR1642BOOST

I have a an IWR1642BOOST connected to DCA1000. After following the instructions in section 2 of the mmWave Studio user guide I am greeted by the following errors shown below. I have installed Matlab runtime engine 8.5.1 32-bit at C:\Program Files (x86)\MATLAB\MATLAB Runtime\v851

GM: Constructor
GM: Tue Apr 20 14:33:05 2021
RSTD.Transmit("/Settings")
[14:33:05]
[14:33:05] ### Running Startup script: "C:\ti\mmwave_studio_02_01_01_00\mmWaveStudio\Scripts\Startup.lua" ###
[14:33:05] RSTD.SetAndTransmit ("/Settings/Scripter/Display DateTime" , "1")
[14:33:05] RSTD.SetAndTransmit ("/Settings/Scripter/DateTime Format" , "HH:mm:ss")
[14:33:05] Scripter ignored: Attempt to UnBuild() again or before Build.
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 0/Dll" , "C:\\ti\\mmwave_studio_02_01_01_00\\mmWaveStudio\\Clients\\\\LabClient.dll")
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 0/Use" , "TRUE")
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 1/Use" , "FALSE")
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 2/Use" , "FALSE")
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 3/Use" , "FALSE")
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 4/Use" , "FALSE")
[14:33:05] RSTD.SetVar ("/Settings/AL Client/AL Dll" , "C:\\ti\\mmwave_studio_02_01_01_00\\mmWaveStudio\\RunTime\\SAL.dll")
[14:33:05] RSTD.SetVar ("/Settings/Clients/Client 0/GuiDll" , "")
[14:33:05] RSTD.SetVar ("/Settings/AutoUpdate/Enabled" , "TRUE")
[14:33:05] RSTD.SetVar ("/Settings/AutoUpdate/Interval" , "1")
[14:33:05] RSTD.SetVar ("/Settings/Monitors/UpdateDisplay" , "TRUE")
[14:33:05] RSTD.SetVar ("/Settings/Monitors/OneClickStart" , "TRUE")
[14:33:05] RSTD.SetVar ("/Settings/Automation/Automation Mode" , "false")
[14:33:05] RSTD.Transmit("/")
[14:33:05] RSTD.SaveSettings(): Settings saved to "C:\Users\salehc\AppData\Roaming\RSTD\config.xml"
[14:33:05] RSTD.Build()
[14:33:05] RSTD.SaveSettings(): Settings saved to "C:\Users\salehc\AppData\Roaming\RSTD\config.xml"
[14:33:05] RSTD.Transmit("/")
[14:33:05] RSTD.AL_Build()
[14:33:05] RSTD.AL_LoadXml()
[14:33:05] RSTD.Transmit("/")
[14:33:05] RSTD.AL_Init()
[14:33:05] RSTD.Clients_Build()
[14:33:05] GM: Init
[14:33:05] GM: Loaded 'C:\ti\mmwave_studio_02_01_01_00\mmWaveStudio\Clients\\LabClient.dll'
[14:33:05] GM: 1 Guest (s) init
[14:33:05] GM: 1 Module(s) init
[14:33:05] GM: 2 Tab (s) init
[14:33:05] RSTD.Client_LoadXml()
[14:33:06] [RadarAPI]: ar1.selectRadarMode(0)
[14:33:06] [RadarAPI]: Status: Passed
[14:33:06] Matlab Runtime Engine is installed
[14:33:06] [RadarAPI]: Starting Matlab Engine..
[14:33:06] [RadarAPI]: Error: The type initializer for 'MatlabPostProcGui.MatlabPostProcGUIClass' threw an exception.
[14:33:06] Trace:
[14:33:06] at MatlabPostProcGui.MatlabPostProcGUIClass..ctor()
[14:33:06] at AR1xController.frmAR1Main.InitMatlabPostProcEngine(String PostProcesspath)
[14:33:06] [RadarAPI]: Error: Error occured in Matlab Initialization
[14:33:06] [RadarAPI]: Matlab Engine couldn't be Started..
[14:33:08] [RadarAPI]: ar1.selectCascadeMode(0)
[14:33:08] [RadarAPI]: Status: Passed
[14:33:08] [RadarAPI]: ar1.LoadSettings('C:\Users\salehc\AppData\Roaming\RSTD\ar1gui.ini')
[14:33:08] [RadarAPI]: Error: Object reference not set to an instance of an object.
[14:33:08] Trace:
[14:33:08] at AR1xController.ScriptOps.getMatlabPostProcVersion()
[14:33:08]
[14:33:08] &&&&&&&&&&&&&&&&&&&&
[14:33:08] ***Script FAILED!***
[14:33:08] &&&&&&&&&&&&&&&&&&&&
[14:33:08] Exception message is:
[14:33:08] Unable to load DLL 'mclmcrrt8_5_1.dll': The specified module could not be found. (Exception from HRESULT: 0x8007007E)