A failure occurred while installing the Windows NT service %1. Please verify the following: 1) The credentials supplied are ...

A failure occurred while installing the Windows NT service %1.

Please verify the following:

1) The credentials supplied are correct and the specified user name has the "log on as service" privilege enabled.

2) All Microsoft Management Console (MMC) Service windows are closed. The Windows Service Control Manager will not allow the creation of a service if the service has been deleted but is still referenced by an open MMC window.
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