when I have
this much storage left
Yep, this is a common issue in Android phones. This has occurred because you have installed that application before. There's an easy solution for the problem. Delete /data/app-lib/ [Folder of that application like com.facebook.orca] and all subfolders. Then install the APK again and it will work. Still not working? Reboot your device and wipe dalvik cache!
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