"Error code: 46175A9-07D0082C-00000003" when trying to stream an App-V 4.6 SP1 application

I’m trying to stream an App-V 4.6 SP1 application but when I look in the sftlog.log I see the following error:

The Application Virtualization Client could not launch
The system cannot find the path specified.
Error code: 46175A9-07D0082C-00000003

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“Error code: 46175A9-07D0082C-00000003” when trying to stream an App-V 4.6 SP1 application