"Can't add a reference to the specified file.", when trying to update VBAProject reference mscorlib.dll version

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Got new computer and I am unable to get my previously made Excel VBA macros work. Problem lies in mscorlib.dll, what I can't update from v2.0.50727 to v4.0.30319. Message "Can't add a reference to the specified file." shows up even if I try to browse and choose the file it is already using.

I tried to run excel as administrator and tried to change location for the .dll

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