Unreal Engine crashes after enabling ray tracing

I have a laptop with an RTX 2060 graphics processor. After I enable DirectX 12 and ray tracing in a file, it doesn’t open anymore i.e it crashes when I try to open it. I have downloaded and tried to do this with Unreal Engine version 4.22 as well with no success. I have the latest RTX Studio Drivers installed.

Does anybody know how to fix this issue? Thanks.