Why are you putting a "1" as the start an output name?
This can fail for many reasons, but if the tool doesn't know whether the output raster will be an esri grid or a tiff, it might do the check first and since esri grids cannot begin with a number, it may just throw the closest error in its path.
My recommendation is to click on the folder icon beside the output and input names, from there navigate to the folder or geodatabase where you want your raster to go. The recommended output from esri is to specify outputs as *.tif files in a folder. After selecting the folder, you should be able to enter a filename (not beginning with a number) with a specified file extension (eg *.tif)
Again, recommended practice would be to navigate to and select the destination location, specify the filename with extension ensuring that the output path doesn't contain spaces and the output filename doesn't begin with a number, contain spaces and has a specified file extension (unless you want an old-school esri grid for some reason)
... sort of retired...