BranchCache cannot publish the content at location %1. Error: %2 %3 This might be because the publication directory location ...

BranchCache cannot publish the content at location %1.
Error: %2 %3
This might be because the publication directory location is not on an NTFS partition, the path is too long (typically, greater than 190 characters) or does not exist, or the BranchCache service does not have the permissions to write to the directory location. 
Run the command "Set-BCCache" from an elevated PowerShell command prompt.