Kinetic InRide 3 shows excessive speed

New to Zwift. I have a Kurt Kinetic Road Machine with a Kinetic InRide 3 sensor as well as a Garmin Cadence Sensor 2. When I connect it to Zwift the as a Power Meter the speed shows fine. However if connect it to Zwift as a Speed Sensor and set the wheel size as 700x32 the speed registers over 100mph when I am pedaling at around 60bpm.

I have re-calibrated the InRide 3 with the Kinetic app several times and tensioned my trainer to the wheel as recommended.