Central console service does not start (4033869)

The AppAssure Central Console Service does not start after installing the application.

The service does not start properly even when trying different "log on as" accounts such as the local administrator account as well as the domain administrator account.

When looking at the AppRecoveryMC log, an entry like the one below will be recorded:

ERROR 2014-06-10T08:48:45 [4] - Replay.Mcmp.Service.CorePortalService ()
Caught exception during service start
System.IO.DirectoryNotFoundException: The physical path cannot be found.
   at Replay.ServiceHost.Implementation.Hosting.WebServer.VerifyServerConfiguration()
   at Replay.ServiceHost.Implementation.Hosting.WebServer.StartListening()
   at Replay.Mcmp.Service.CorePortal.Start()
   at Replay.Mcmp.Service.CorePortalService.OnStart(String[] args)

The cause of this problem is that the Central Console has been installed on another drive other than the C drive.