Your KV pu is not correct.
12.47 System - Vbase=12.47 V=1 pu, MVAbase=1MVA MVA= 40 pu Z= (1)^2/40=.025 pu
12.47 side Transformer = Vbase= 12.47V V=1pu, MVAbase=1MVA MVA=1pu, Z= .04pu
480 side Transformer = Vbase=480V V=1pu, MVAbase=1MVA MVA = 1pu, Z= .04pu
I=V/Z Z=Ztransformer + Z system =...