This error occurs when the required SDKs are not installed on your computer. To solve this problem, follow the link:
- Programs and Features
- Right-click Microsoft Visual Studio Ultimate 2013
- Click change
- Select "Change."
- Check out "Application Maintenance Tools for Windows 8" and the Windows Phone 8.0 SDK "
- Click Update
This should install the missing SDK. Then try to create again after restarting Visual Studio.
Adapted from official documentation .
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