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Java Runtime Environment Error When Building Binaries for the mmWave SDK Demo

Hello,

I have Java Runtime Environment installed but keep receiving the following error when attempting to build binaries:

c:\ti\xdctools_3_50_01_12_core\xs.exe: error: can't create session manager: can't find a JVM; the environment variable 'XDCTOOLS_JAVA_HOME' is set, but does not appear to be a directory containing a 32-bit Java Runtime Environment (1.7 or greater); e.g., 'C:\Program Files (x86)\Java\jre7                                                           gmake: ***[mmwRTSC] Error 1

How can I resolve this issue?