Acronis Backup 11.5/11.7: Agent for Windows is not compatible with HVCI

Symptoms

1. You try to install Agent for Windows on a Windows 10 or Windows Server 2016.

2. Installation fails with an error 

%1 is not a valid Win32 application

3. Installation log contains an error similar to the following one:

MSI_TRACE(tib): Failed to install: status 193.