So is it correct that you used Audacity before and all these problems started after reinstalling XP?
We don’t provide technical support for Audacity 1.x any more, and 1.3.9 probably has lots of bugs. So it is better to see if you can get later Audacity 2.x running.
“Application configuration incorrect” usually only occurs with versions up to and including Audacity 2.0.6. The solution for those Audacity versions on 32-bit XP is usually to install the Visual Studio 2008 C++ Redistributable Package for 32-bit XP.
For 2.1.0 and later you could try installing the x86 (32-bit) Visual Studio 2013 C++ Redistributable Package.
If 2.1.1 still does not launch with the same configuration error, try reinstalling XP Service Pack 3.
Also note that 2.1.0 and later require the CPU to support the SSE2 instruction set. Any computer built in the last 12 years should support that.
Please read Important information for Windows XP users about the risks of running a no-longer supported operating system that is not receiving security patches.
Gale