The system cannot find the file specified.(exception from HRESULT: 0x80070002)

I have the option to add the crystal report viewer to a form, but when I try to make a report, it gives me the error:

The system cannot find the file specified.(exception from HRESULT: 0x80070002)" Ive installed it on Win 7 64bit Visual Studio 2012 Ultimate and tried to create a report using vb.net. I tried changing target framework to 4.0 and then back to 4.5 again it didnt work . Ive even uninstalled and reinstalled a couple of times still aint working .

The Installer I am using is : SAP Crystal Report for Visual Studio - Support Pack 8 (v. 13.0.8.1216) , executable file. http://downloads.businessobjects.com/akdlm/cr4vs2010/CRforVS_13_0_8.exe . and yet I'm getting that error .

How do I resolve this?