MSVC Debug error: Windows cannot find 'C:\Program'. Make sure you typed the name correctly, and then try again

Environment

• OS and version: Windows 10 21H2
• VS Code: 1.78.2
• C/C++ extension: 1.15.4
• OS and version of remote machine (if applicable):
• GDB / LLDB version: MSVC 2022,2019,2017,...2005 All versions installed on dev station.

Bug Summary and Steps to Reproduce

Bug Summary:
Debugger fails to start on Windows with Visual studio 2005-2022

Steps to reproduce:
follow the procedure from https://code.visualstudio.com/docs/cpp/config-msvc
at the step where the debug is excepted to launch in debug, it will pop an error window with,
Logo X in red circle
Title: C:\Program
Message: Windows cannot find 'C:\Program'. Make sure you typed the name correctly, and then try again
Buttons: Ok

Debugger Configurations

task.json:
{
  "tasks": [
    {
      "type": "cppbuild",
      "label": "C/C++: cl.exe build active file",
      "command": "cl.exe",
      "args": [
        "/Zi",
        "/EHsc",
        "/nologo",
        "/Fe${fileDirname}\\${fileBasenameNoExtension}.exe",
        "${file}"
      ],
      "options": {
        "cwd": "${fileDirname}"
      },
      "problemMatcher": [
        "$msCompile"
      ],
      "group": {
        "kind": "build",
        "isDefault": true
      },
      "detail": "Task generated by Debugger."
    }
  ],
  "version": "2.0.0"
}
launch.json
{
    // Use IntelliSense to learn about possible attributes.
    // Hover to view descriptions of existing attributes.
    // For more information, visit: https://go.microsoft.com/fwlink/?linkid=830387
    "version": "0.2.0",
    "configurations": [
        {
            "name": "(Windows) Launch",
            "type": "cppvsdbg",
            "request": "launch",
            "program": "${workspaceFolder}/helloworld.exe",
            "args": [],
            "stopAtEntry": false,
            "cwd": "${workspaceFolder}",
            "environment": [],
            "console": "externalTerminal"
        }

    ]
}

Debugger Logs

No logs generated

Other Extensions

No response

Additional Information

This issue started at version 1.2.0, if I rollback to version 1.1.3, the debugger works as expected with msvc when starting from the vscode from the corresponding developer command prompt for VSXXXX

Start with the task.json and launch.json configurations shown in the report, then reproduce the failure by following the linked MSVC setup procedure from the appropriate Visual Studio developer command prompt. Compare behavior between extension versions 1.2.0 and 1.1.3; done means the debugger launches without the Windows C:\Program error using the reported MSVC configurations.