Error when attempting to speed up videos ~4500%

Can Premiere not handle this speed? If so does anyone have suggestions how I can make this happen? I need to speed up video this fast for a time lapse project I am working on.

This is the error I am receiving when I try to render previews:

Error compiling movie.

Import Error

Importer returned bad result.

Writing with exporter: MPEG Preview

Writing to file: \\?\T:\_1_Production Files_Working Files\Tucker\2018-01\PTZ SS\Adobe Premiere Pro Video Previews\PTZ SS - Jan 2018.PRV\Rendered - 2818a73c-23f0-4628-be68-d2615d93d57f.mpeg

Writing file type: MPEG

Around timecode: 00:00:01:01

Reading with importer: ImporterMPEG

Reading from file: T:\_1_Production Files_Working Files\Tucker\2018-01\PTZ SS\Footage\vlc-record-2018-01-16-16h03m59s.mp4

Reading file type: MPEG

Rendering at offset: 0.000 seconds

Component: ImporterMPEG of type Importer

Selector: 47

Error code: 99

This is the error I get when attempting to export the video:

Error compiling movie.

Import Error

Importer returned bad result.

Writing with exporter: H.264

Writing to file: \\?\C:\Users\tuckerw\Desktop\PArt 1.mp4

Writing file type: H264

Around timecode: 00;00;01;01

Reading with importer: ImporterMPEG

Reading from file: T:\_1_Production Files_Working Files\Tucker\2018-01\PTZ SS\Footage\vlc-record-2018-01-16-16h03m59s.mp4

Reading file type: MPEG

Rendering at offset: 0.000 seconds

Component: ImporterMPEG of type Importer

Selector: 47

Error code: 99