Get "System.IO.FileNotFoundException" when starting Data Collector Manager. Why is that?

Error: "System.IO.FileNotFoundException" 

This error occurs when starting the Data Collector on Windows Server 2008 R2 x64 with out the required .NET Framework.

"System.IO.FileNotFoundException" 

Description:

  Stopped working

Problem signature:

  Problem Event Name: CLR20r3
  Problem Signature 01: datacollector.exe
  Problem Signature 02:  2.0.4419.29326
  Problem Signature 03:  4f2fef0c
  Problem Signature 04:  mscorlib
  Problem Signature 05:  2.0.0.0
  Problem Signature 06:  4e1539fa
  Problem Signature 07:  f9d
  Problem Signature 08:  14e
  Problem Signature 09:  System.IO.FileNotFoundException

  OS Version:  6.1.7601.2.1.0.272.7
  Locale ID: 1030

Solution: .NET Framework 4.72 or higher is missing. Please install it and then the Data Collector will work.