Microsoft Flight Simulator X on Windows 8.1

I've been itching to play some flight simulator X recently, so I pulled out my DVD copy and threw that sucker in. However, I purchased that game back in the XP/Vista days, now I'm on Windows 8.1 and I cannot install the game.

When I try to install the game by launching DVDCheck.exe, the InstallShield wizard starts up, hangs on "preparing installation" then crashes. After two windows error reporting dialogs, the wizard shows this error message:

I've read a bunch of similar questions online for the same error code I get when I install, and all of the solutions don't seem to have an effect. These are the troubleshooting steps I've tried:

1. Running installer as Administrator
2. Logging in as the local Administrator account and installing
3. Attempted to install in Safe-Mode (Windows Installer Service doesn't run in safemode)
4. Renamed the Installshield folder in C:\Program Files\Common Files\
5. Verified that I'm using the latest version of Windows Installer (V 5.0.9600.16384) and .NET (4.5.1)

But still no luck. Microsoft reports that FSX is compatible with Windows 8.1 on their compatibility website, but I can't seem to get it to install.

Further investigation showed this in event viewer:

Faulting application name: IDriver.exe, version: 11.0.0.28844, time stamp: 0x4250d396
Faulting module name: unknown, version: 0.0.0.0, time stamp: 0x00000000
Exception code: 0xc0000005
Fault offset: 0x03f45cc0
Faulting process id: 0x1798
Faulting application start time: 0x01cf3b1d160f935c
Faulting application path: C:\PROGRA~2\COMMON~1\INSTAL~1\Driver\11\INTEL3~1\IDriver.exe
Faulting module path: unknown
Report Id: 5a149145-a710-11e3-832f-50e549c2d54b
Faulting package full name: 
Faulting package-relative application ID: 

System Specifications are:

• AMD FX-8350 @ 4.20GHz
• 16GB of RAM
• 2x Nvidia GTX 660 though SLI with latest Drivers
• 1TB HDD
• Windows 8.1 Pro 64bit.