Please see link below which Quixel has detailed as a fix for this problem. I have done that fix multiple times, yet the error still appears. Also below is the pathing that I am trying to use.
Installation Folder: D:\Unreal\Unreal Engine\UE_4.23\Engine\Plugins
Project Location: D:\Unreal\Unreal Engine\Projects (Also tried direct project path, same error)
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