Can't create new VM on Server 2008R2 in Hyper V

I have a server 2008r2 host with hyper v. There are currently 2 virtual machines in Hyper-V. When I try to create third, I get the following error:

The server encountered an error while create"machine name"

The operation failed.

Failed to create external configuration store at "virtual machine location": General access denied eorror (Virtual machine ID 0X800700005)

I have other servers hosting hyper v and virtual machines. I compared security setting on the folders for the virtual machines and I do not see any difference. This is a production server so I cannot wipe it and try again. Assistance is GREATLY appreciated.
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Gelly77Author Commented:
Thanks for the quick response Mr. Hurst. I figured it out. Somehow the folder mappings within Hyper V were changed. So Hyper-V was set to look for and store Virtual Machines in the wrong location. Once I changed it, I was able to create the new virtual machine.

I have attached a the screenshot of where this setting is.
JohnBusiness Consultant (Owner)Commented:
What is the guest machine?  Do you have enough disk space?  Is the guest machine a 64-bit machine?  You need to permit 64-bit in the BIOS if you have not already.
Gelly77Author Commented:
Resolved the issue
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