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

I found an easy way to solve this.

Open Android Studio, File -> Invalidate Caches / Restart -> Invalidate Caches & Restart.