There are 2 different regsvr32.exe:
Under Windows 10 x64 you have to run the "%systemroot%\
System32\regsvr32.exe"
And with Windows 10 x32 you have to run "%systemroot%\
SysWoW64\regsvr32.exe"
Probably there is a wrong code in the installer.
Maybe this works Open a cmd box and go to the path of "multivoicechorusflanger.dll"
Then run
%systemroot%\System32\regsvr32.exe multivoicechorusflanger.dll