Install the application from another drive instead of the root directory of my PC

This isn't possible because FactoryMaster is not installed locally. The data is in the server and when you right click the FactoryMaster desktop shortcut and select open file location, the file path points to a drive on the server, not your PC.
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Changing the program directory path from ClientSetup doesn't resolve the issue because a error is generated, with XPA client and DLL files not found on the D drive. Everything from ClientSetup is extracting the install files from the server.