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TF400534: Team Foundation Server Installation Error

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I came across this error trying to install the Team Foundation Server 2013.

Error : TF400534 : Package (tfs_sharePointExtensionsCore_x86) caching failed with the following status : 0×80070001.
Error : TF400166 : Package caching failed. Check individual package cache errors for more information.
Error : Installation failed. Check individual package installation errors for more information.

This error is often caused by corrupt installation file. You need to download the setup file again and try to re-install.
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