Sorry, this is not working. 
I think that key word is: [Invalid 
number of channels] 
I have no idea how VAC works, but you can try trial version here: 
http://software.muzychenko.net/eng/vac.htmThe same error [invalid Nr. of CH] I can get when set input to mic [mono] and output to speakers [stereo]. 
I have to use Virtual Audio Cable because this workstation runs multiple players / encoders. 
I don't know other solution with 10+ virtual stereo channels. 
[UPDATE]
Workaround was found: Set VAC cable format to exact bit depth and channel count.