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I have successfully resolved the issue, that occurred while running "npm install" in the terminal on your project. The issue persisted due to the use of "babel-preset-es2015". This package got deprecated by Babel and according to them we should use "babel-preset-env". So I removed the deprecated package and used the latest "babel-preset-env" package. I also needed to update the @babel/core": "^7.5.5" package to the latest "7.22.10" version.