I am trying to set up IFS FSM6 U14 on our VM, when i run setup.exe i am getting below error.

I have checked the prerequisites and i see that our VM has all those, below is the list of softwares installed on our VM.
Software | Version Installed |
Power shell version | 7.3.0 |
Microsoft SQL Server | 2016 |
Google Chrome version | 108.0.5359.125 |
.NET Framework | 4.8.03761 |
.NET Core | 3.1.12 |
Anyone has an idea about the above error and how to resolve it ?