DotNet Error : Visual Studio .NET cannot create or open the application

Eu reinstalei o meu ISS, lembrando de fazer todos os passos necessários para registrar o Framework, mas quando tento criar ou abrir um projeto AspNet, o VisualStudio me exibe a seguinte mensagem:

Visual Studio .NET cannot create or open the application. The likeliestproblem is that required components are not installed on the local webserver. run visual studio.net setup and add the web development componet.

Este problema ocorre pois o compartilhamento do wwwroot foi perdido. Abaixo está a solução para este problema :
From: Harvey Meeker ”Try to check the sharing of the folder that you are hosting the application in. If it is in the WWWROOT folder then that folder needs to be shared as wwwroot$, at least this is what I've experienced on my own machine. This is basically a problem of the share not being properly configured”