Ax 2012 installation and Error 1309

Hi,

I have been trying to install Ax 2012, after providing the credentials, it stuck at the error 1309, which asks to check if the file exists and the user id has rights to access it. I have logged in with domain admin user and the file is at the expected location. The screen shot of the error is as follows:

Regards,

Abhinay Tharwal