Can't complete Audacity installation

I have tried repeatedly to install Audacity 2.0.6 from the website on my Windows XP machine. I have followed all instructions explicitly. I manage to successfully go through the entire installation wizard, but at the very end when I click “Finish”, I get an error message that reads:

C:Program FilesAudacityaudactiy.exe
This application has failed to start because the application configuration is incorrect. Reinstalling the application may fix this problem.

Needless to say, “reinstalling the application” has not fixed the problem, despite trying it 10 times.

Can anyone help me with this?

Please see this FAQ:
Also, this info for XP users: