Part that holds the router has a stripped bolt, can it be salvaged?

i have a mauster pro which i have stripped the bolt on the router housing. i dont know the specific term for it, but i need to either replace it or fix it. I have taps for other applications, but never tried anything like this. does anyone know how much this part would cost or any suggestions on the repair? thanks

update, i removed the stripped bolt and bought new one that match originals (M5 x16.80 pitch). i found the threads on the housing were damaged so i used my threadcutter to clean them. took my time and was able to get it to seat properly.