ProjectCracker fails to detect references

[rojepp]

Project Cracker Tool fails to detect references for the attached project.
ConsoleApplication3.zip

Repro steps

1. Download the attached sample solution and open it in VS Code / Atom / other

Expected behavior

No errors

Actual behavior

Error squigglies on open System.Data in the editor. No type information for System.Data is available.

When running Project Cracker Tool, this error is shown:

{ProjectFile =
"C:\Users\robert\Documents\Visual Studio 2015\Projects\ConsoleApplication3\ConsoleApplication3\ConsoleApplication3.fsproj";
Options = [||];
ReferencedProjectOptions = [||];
LogOutput =
"Microsoft.Build.Exceptions.InvalidProjectFileException: The value "" of the "Project" attribute in element is invalid. Parameter "path" cannot have zero length.
at Microsoft.Build.Shared.ProjectErrorUtilities.ThrowInvalidProject(String errorSubCategoryResourceName, IElementLocation elementLocation, String resourceName, Object[] args)
at Microsoft.Build.Shared.ProjectErrorUtilities.VerifyThrowInvalidProject(Boolean condition, String errorSubCategoryResourceName, IElementLocation elementLocation, String resourceName, Object arg0, Object arg1, Object arg2, Object arg3)
...

Known workarounds

Related information

Originally reported here: ionide/FsAutoComplete#96
This machine has VS2015 installed, and has never had VS2013 installed.

• Operating system : Win 10

[rojepp]

Unable to reproduce