Photoshop Elements :: Update ACR From 7.1 To 7.4?

I updated PSE from version 9 to version 11 just to get ACR 7.4 for my Nikon D7100 camera
 
Installation went smoothly. But I discovered Adobe does not include the latest ACR version. SO I have ACR 7.1 installed. Well, it does not support the D7100
 
Went to Help menu. Updates option is not highlighted. Cant use it!!!  Why ? My product is installed and registered ?
 
Anyway, I went to the ACR download page. No ACR 7.4 alone but ACR with DNG. What the hell I took the last one. Version 8.1
 
Downloaded DNG 8.1 and installed it. Fine.  Well, I can start DNG alone but no ACR visible. Back to PSE 11: It still only sees ACR 7.1
 
Have I downloaded ACR when I downloaded DNG ?
 
Should I download it separately ? Where from ?
 
If I did download it, how do I make PSE 11 recognize ACR 7.4 is available?
 
Extremely frustrating evening: I hesitated upgrading to PSE 11 for months because of this type of problems. When I finally take the jump, it hits me in the face.