Emulator: PANIC: Broken AVD system path. Check your ANDROID_SDK_ROOT value [F:\android]?

I have the following error when I try to launch my emulator in android studio:

Emulator: PANIC: Broken AVD system path. Check your ANDROID_SDK_ROOT value [F:\android]!

In Android Studio the sdk location is the following:

Here is the F:\android folder: (Android Studio downloaded the sdk)

Both ANDROID_HOME and ANDROID_ROOT_SDK is set to this directory.

I have tried almost all the possible solutions here in stackoverflow but they did not work.

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