No Destation Disk?

I am using Acronis Backup and Recovery 11.5. I tried to do a full back up to a newly installed hard drive, which I did format.
The disk is not shown on the location for destination volume. So I entered M:\ and it seemed ok.

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Error
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Failed to obtain the list of location permissions.
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Details:
Code: 9,568,523(0x0092010B)
LineInfo: 0x4D7F75FCDE07D6A8;

Module: mms_vs_32266
Message: Failed to write to file 'avfs:/local?M:/3BE90B6A-25F4-4670-ADD2-FB8E63FC1F7A'.

Code: 262,154(0x0004000A)
LineInfo: 0xF35F747B3B21F7F3;

Module: disk_bundle_vs_32266
Message: Error occurred while creating the file.

Code: 65,520(0x0000FFF0)
LineInfo: 0xBD28FDBD64EDB8E0;

Module: disk_bundle_vs_32266
Message: The request could not be performed because of an I/O device error

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Any help would be appreciated.