Hi pake,
your picture is pretty big: 5400*3800 pixel * 3 byte per pixel will take ~58MB just for the picture data... Additional copies for a picture indicator and so on...
I couldn't open your vi in LV8.2, so I made my own small test vi. I took about 2GB of RAM to load your pic and save it with a different name. (Btw. with default compression the png was smaller than yours!) I took a while since Windows was swapping RAM heavily, but it worked...
Best regards,
GerdW

using LV2016/2019/2021 on Win10/11+cRIO, TestStand2016/2019