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There are 3 paths that are of interest when creating CF project
a. CF Root - This is the place where your CF is installed, typically c:\coldfusion9
b. Web root - Typically this would be c:\coldfusion9\wwwroot, but since you have it on IIS, it might be c:\Inetpub\www, basically the folder should have CFIDE in it
c. Root URL - Typically http://localhost: 8500
Looking at the error, looks like you have not given the CF root properly. The directory should have WEB-INF folder.
Thank you for your help! :)
On this page,
in the last comment, he writes:
for use ColdFusion root folder C: \ ColdFusion9
For Webroot use C: \ inetpub \ wwwroot
Root Url for use http://127.0.0.1
I set it according to the error and everything worked. Are these settings good?
Yes, it looks good.