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I installed a new dvelopment provisioning profile for a new application, but keep on getting the following error wile trying to build the application:

Error Domain=NSCocoaErrorDomain Code=257 UserInfo=0x200cdcea0 "The file “MyApp” couldn’t be opened because you don’t have permission to view it." Underlying Error=(Error Domain=NSPOSIXErrorDomain Code=13 "The operation couldn’t be completed. Permission denied")

What causes this error?