Invalid Interpreter in new Virtual Environment

PyCharm worked correctly when I installed it. However, recently, whenever I create a new project with its own interpreter, it isn't able to run. Instead it shows "CreateProcess error=2, The system cannot find the file specified'

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What interpreter are you selecting as base for the new virtual environment? Please ensure it exists in your file system and respond to `python -V` command.

Also, what type of virtual environment you're creating? 


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