I'm looking at the versions of msvcr80.dll on my system, and I see two copies: (this is under c:\windows\winSxS\) 8.0.50727.42 and 8.0.50727.163. Your text dump indicates 8.0.50727.762, so that makes me suspicious. (From what I can see, the .762 is part of the latest SP1 they recently released for Visual Studio.)

I would try installing these runtime environments - try the first one, then if you're still having problems, the second:

Click 1

Click 2

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