diff --git a/src/Make_mvc.mak b/src/Make_mvc.mak
index 5a07cd0..6718e14 100644
--- a/src/Make_mvc.mak
+++ b/src/Make_mvc.mak
@@ -825,7 +825,12 @@
 PERL_LIB = $(PERL_INCDIR)\perl.lib
 !else
 PERL_DLL = perl$(PERL_VER).dll
+!if exist($(PERL_INCDIR)\perl$(PERL_VER).lib)
 PERL_LIB = $(PERL_INCDIR)\perl$(PERL_VER).lib
+!else
+# For ActivePerl 5.18 and later
+PERL_LIB = $(PERL_INCDIR)\libperl$(PERL_VER).a
+!endif
 !endif
 
 CFLAGS = $(CFLAGS) -DFEAT_PERL