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CCS/UCD3138: CCS 7 Cannot Compile

Part Number: UCD3138

Tool/software: Code Composer Studio

I am having problem compiling on CCS7. Here are my logs:


**** Clean-only build of configuration UCD3138 for project Lab_1 ****

"C:\\ti\\ccsv7\\utils\\bin\\gmake" -k clean
DEL /F  "Lab_1_UCD3138.hex"  "Lab_1_UCD3138.out"
DEL /F "cyclone_global_variables_defs.obj" "interrupts.obj" "load_UCD3138.obj" "main.obj" "pmbus_command_indexes.obj" "pmbus_common.obj" "pmbus_driver.obj" "pmbus_topology.obj" "software_interrupt.obj" "software_interrupt_wrapper.obj" "standard_interrupt.obj" "zero_out_integrity_word.obj"
Could Not Find C:\traininglabs-1.0\Training-labs\Training_labs_source_code\Lab_01\UCD3138\Lab_1_UCD3138.hex
Could Not Find C:\traininglabs-1.0\Training-labs\Training_labs_source_code\Lab_01\UCD3138\cyclone_global_variables_defs.obj
'Finished clean'
' '

**** Build Finished ****
Buildfile generation error occurred..
This project was created using a version of compiler that is not currently installed: 5.2.7 [ARM]. See 'Help > Check for Updates' or visit CCS App Center to get the latest compilers. See 'Help > Install New Software...' to install older compilers. Alternatively, migrate the project to one of the available compiler versions by adjusting project properties.
Build stopped..

And below is a screenshot of the properties.