MS Analysis 1.4.7 - Workbook Does Not Open from BI

I have an Analysis Office work book based on BW Query. Created the workboook and saved to BI platform

Now I am unable to open the workbookfrom BI launchpad. Whenever i clicks, it saves to local and not able to open it simple throws error

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Unable to open Excel

Attached the log files

We are using:

Analysis Office 1.4.7

BW 7.01

Excel 2010