Problem opening files or folders via hyperlinks in Excel 2011 for Mac

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Occasional Visitor

Created a spreadsheet within Microsoft® Excel® for Mac 2011.  There are several hyperlinks embedded throughout the spreadsheet and across different sheets.  Whenever a hyperlink is clicked the following happens.  The attachment will fill you in on the specifics.  Moving onward, now when the same spreadsheet is opened in a newer version Microsoft® Excel® for Mac 2016/2019, there isn't a problem opening the hyperlink.  Now I also tried the same spreadsheet opening it on a computer running MSW from Excel 2016 and newer & here as well there isn't a problem opening the hyperlink.  How does the problem get fixed?  Thanks in advance.

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