As this is a very old legacy project the problem is with the targeted version of windows in the stdafx.h file
from MSDN
Visual C++ no longer supports targeting Windows 95, Windows 98,
Windows ME, or Windows NT. If your WINVER or _WIN32_WINNT macros are
assigned to one of these versions of Windows, you must modify the
macros. When you upgrade a project that was created by using an
earlier version of Visual C++, you may see compilation errors related
to the WINVER or _WIN32_WINNT macros if they are assigned to a version
of Windows that is no longer supported.
So, changing
#ifndef WINVER
#define WINVER 0x0400
#endif
to
#ifndef WINVER
#define WINVER 0x0500
#define _WIN32_WINNT 0x0500
#endif
corrects the build problem