How to reproduce:
1. Open the “IN-124534“ project
2. Right-click in the Project window and select “Open C# Project” (Visual Studio)
3. In Visual Studio, under the “Solution Explorer” expand Assembly-CSharp/References
4. Observe the “Error List” window in Visual Studio

Actual result: Warnings appear: “The referenced component 'x' could not be found.”
Expected result: No warnings appear

Reproducible with: 1.11.0 (6000.0.65f1, 6000.3.4f1, 6000.4.0b4, 6000.5.0a4)

Reproducible on: Windows 11
Not reproducible on: no other environments tested

Notes:
- Issue does not reproduce if the “Netcode for Entities” package is not present
- Issue was reproduced with project path length = 63 characters (project folder name not included)
- Issue did not reproduce with project path length = 25 characters (project folder name not included)