Unable to launch the IIS Express Web server, Failed to register URL, Access is denied

Unable to launch the IIS Express Web server, Failed to register URL, Access is denied

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Unable to launch the IIS Express Web server.

Failed to register URL "http://localhost:62940/" for site "SITE NAME"
application "/". Error description: Access is denied. (0x80070005).

netsh http delete urlacl url=http://*:62940/

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