Took a look at the file in WMP, another player and another video editing program. No captions were shown, so apparently they are not embedded in the video. If they are a separate stream, those programs are not detecting it.
For the audio issue, under OPTIONS | DISK tab, Clear Unused Cache Files.
The next thing to try is to close VP. Locate this folder on the PC and delete all the files that it contains...
"C:\Program Files (x86)\NCH Software\VideoPad" (or the similar path without the x86).
Then reinstall version 8.45.
If that fails, a total uninstall/reinstall would be worth a try, using this free tool. Remove all registry files that it suggests.
Judging by results here, there is no reason why audio is not loading. Be sure to give it time to cache, which should take no more than a few minutes on your I5 PC.
There is little reason to have 2K video for content of that nature.