The project is using an incompatible version (AGP 7.3.0-alpha07) of the Android Gradle plugin

Try to change AGP version to 7.2.1 in the project's build.gradle file and sync the project:

buildscript {
    //...
    dependencies {
        classpath 'com.android.tools.build:gradle:7.2.1'

        // ...
    }
}

buildscript {
ext.kotlinVersion = '1.6.10'
ext.navigationVersion = '2.4.2'
ext.ktlintVersion = '0.44.0'
ext.hiltVersion = '2.42'

repositories {
    google()
    mavenCentral()
}
dependencies {
    classpath 'com.android.tools.build:gradle:7.2.1'
    classpath "org.jetbrains.kotlin:kotlin-gradle-plugin:$kotlinVersion"
    classpath "androidx.navigation:navigation-safe-args-gradle-plugin:$navigationVersion"
    classpath "com.google.dagger:hilt-android-gradle-plugin:$hiltVersion"

    // NOTE: Do not place your application dependencies here; they belong
    // in the individual module build.gradle files
} 

Setting the versions in the top-level build.gradle as seen above, worked for me.

It is important to change the kotlinVersion as well!