You must install or Update .NET to run this application

What causes the following:

The trace output for the process is as follows:
You must install or update .NET to run this application.

App: C:\Users\Paul\AppData\Local\NCrunch\55516\27\2-AppSupport\ConsoleAppBaseLib.Test\bin\Debug\net9.0-windows10.0.22621.0\nCrunch.TaskRunner.DotNetCore.20.x64.dll
Architecture: x64
Framework: 'Microsoft.Windows.SDK.NET.Ref.Windows', version '10.0.22621.54' (x64)
.NET location: C:\Program Files\dotnet\

No frameworks were found.

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Note: I have been using this product for years without issues. This happened around the time I updated to the latest version of VS2022 and the latest version of NCrunch.

See here for a fix for this issue: https://forum.ncrunch.net/yaf_postst3525_Unable-to-build-apps-with--older--Windows-SDK.aspx