Need to make WinDLX work on Windows

Need to make WinDLX work on Windows

For an architecture course, we have been told to install this software
called WinDLX. I downloaded the zip file and when I run it, I get an error
saying This app can't run on your PC.

I tried Compatibility Mode with Windows 7 and Windows XP SP3 but none of
them work. I read the manual and it said You will need Windows 3.0 or
higher for this simulation. Does this mean that this is a 16-bit program
and hence won't run on my 64-bit Windows 8 Pro box?
So, I want to know if there is a way to make this run on my machine or is
there a newer, alternative software which does the same job as WinDLX?
UPDATE: Taking magicandre1981's suggestion, I installed DOSBox and then I
ran the following commands. Ultimately, I get the error saying, This
program must be run under Microsoft Windows. Any ideas?