Advise on renaming a Android project in Android studio(Gradle based)

Question

In my present project , I wish to rename the Android project in Android studio (0.8.9) and wish to use it hereafter. I know about 2 solutions discussed in forum. Could some

Answer 1

In Android 1.5.1 tested and worked:

1. Open Project folder (you could open it through Android studio itself see this
2. make sure Android Studio Is closed
3. change the yourOldProjectName.iml to the new name
4. rename the parent folder to same new name.
5. re-open Android Studio --> File --> Open--> path to your renamed.iml