1. Remove any previous crack, like phoenix_40000_fix.dlr or vray201X.dlr
2. Download and install Phoenix. No need to install the License Server (pick Remote option).
3. Copy phoenix_42000_fix.dlr to the phoenixfd dir ( C:\Program Files\Autodesk\3ds Max 2021\plugins\phoenixfd )
4. Copy phoenix_previewer.exe to the bin dir ( C:\Program Files\Chaos Group\Phoenix FD\3ds Max 2021 for x64\bin )
5. Enjoy!

Download From HERE