Moving .Net Web from Windows 2008 to Windows 2019 and .Net error

We moved the .NET WEB application from Windows 2008 to Windows 2019 and we observed the error

.NET Runtime version 4.0.30319.0 - Loading profiler failed during CoCreateInstance. Profiler CLSID: '{************************}'. HRESULT: 0x80040154. Process ID (decimal): 6880. Message ID: [0x2504].

That is certain dll file not registered. But We suspect it is .NET 4.0 - .NET 4.8 changes causing the issue. We ran the Dependencies Walker and please see the attached screen that it cannot find the files. We tried to rebuild and didn't work. What can we do at this point, thank youScreenshot of Dependencies Walker