diff --git a/Lib/sysconfig.py b/Lib/sysconfig.py
index 619e458..33a13b6 100644
--- a/Lib/sysconfig.py
+++ b/Lib/sysconfig.py
@@ -84,7 +84,8 @@
 _EXEC_PREFIX = os.path.normpath(sys.exec_prefix)
 _CONFIG_VARS = None
 _USER_BASE = None
-_PROJECT_BASE = os.path.dirname(realpath(sys.executable))
+# Note: sys.executable can be '' or even a directory, until #7774 is fixed.
+_PROJECT_BASE = realpath(os.path.dirname(sys.executable))
 
 if os.name == "nt" and "pcbuild" in _PROJECT_BASE[-8:].lower():
     _PROJECT_BASE = realpath(os.path.join(_PROJECT_BASE, pardir))
@@ -296,7 +297,7 @@
     vars['SO'] = '.pyd'
     vars['EXE'] = '.exe'
     vars['VERSION'] = _PY_VERSION_SHORT_NO_DOT
-    vars['BINDIR'] = os.path.dirname(realpath(sys.executable))
+    vars['BINDIR'] = realpath(os.path.dirname(sys.executable))
 
 #
 # public APIs
diff --git a/Lib/test/test_subprocess.py b/Lib/test/test_subprocess.py
index dff9012..64bfabb 100644
--- a/Lib/test/test_subprocess.py
+++ b/Lib/test/test_subprocess.py
@@ -135,7 +135,7 @@
         self.assertEqual(p.stderr, None)
 
     def test_executable_with_cwd(self):
-        python_dir = os.path.dirname(os.path.realpath(sys.executable))
+        python_dir = os.path.realpath(os.path.dirname(sys.executable))
         p = subprocess.Popen(["somethingyoudonthave", "-c",
                               "import sys; sys.exit(47)"],
                              executable=sys.executable, cwd=python_dir)