title: Local Path doesn't exist
body: <p>After updating Android Studio to 0.4.5, I cannot get my application to build. I have the following configurations:</p>
  
  <pre><code>dependencies {
      classpath 'com.android.tools.build:gradle:0.8.+'
      compile 'com.android.support:support-v4:19.0.1'
  
  compileSdkVersion 19
  buildToolsVersion "19.0.1"
  
  defaultConfig {
      minSdkVersion 14
      targetSdkVersion 19
      renderscriptTargetApi 19
      renderscriptSupportMode true
  </code></pre>
  
  <p>NOTE: Cleaning + Rebuilding the project, deleting .iml/idea files and reimporting the project, setting APK_PATH, and/or syncing files with gradle does NOT fix this issue. </p>