Chalk version 5, being a pure 'ESM' package, can't be directly used in your current CommonJS project. Here are your options:

1. Migrate your project to ESM (Best): This is the cleanest solution. Your project can then use both ESM and CommonJS modules seamlessly.
2. Install Chalk version 4 (Easy): A quick fix, but you might miss out on the latest Chalk features. See a demo here.
3. Use Node.js 22 (Not Recommended): Requires --experimental-require-module flag to import ESM in CommonJS, which is not ideal.
4. Install Chalk 5 with 'dynamic import': You're missing some necessary configurations. For instance, regardless of using dynamic imports, you'll need TypeScript version 4.7 or higher. For more information on the required configurations, please check this link.

Recommendation: Migrating to ESM is the best long-term approach for a more organized and modern project structure."