I'm no expert but it looks like a permission or configuration problem. take a look at these two links, hope this helps.
http://www.windows-noob.com/forums/index.php?/topic/7281-management-point-pxe-boot-error-80004005-after-sp1-upgrade/
http://www.windows-noob.com/forums/index.php?/topic/4468-using-sccm-2012-rc-in-a-lab-part-7-build-and-capture-windows-7-x64/
You shouldn't need to configure anything in WDS, just leave that alone. All PXE config should be done within the PXE tab in the distribution setting for that server.
We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.