First of all, to be proper, these are Power-On Self-Test (POST) codes - which are progress indicators, not error codes. In your case, POST Code 0xEB is an indicator that the BIOS last initiated the initialization of a driver supplied in a legacy-formatted Option ROM (OpROM). A hang at this point is usually an indicator that the OpROM does not provide a working legacy driver. This may be a bug in the legacy driver or a compatibility issue. In the latter case, the OpROM may actually supply only a UEFI driver or its legacy driver has an expectation of the motherboard's BIOS that isn't met or vice versa.
I suggest that you try enabling UEFI in the BIOS. Understand that (a) you will have to remove this board to make this change (use the old graphics card or onboard video) and (b) if this works, you will likely have to reinstall Windows. If it doesn't work, you simply won't be able use this video card with this board at all
Compatibility issues like this are happening more and more often. Newer video cards, in some cases, have requirements - support for UEFI, support for PCIe 3.0, etc. - that these older motherboards cannot meet. Most of the situations where I have seen this are the 6 Series and earlier motherboards. There have been a couple with the 7 Series boards, however...
Hope this helps,
You might be facing a compatibility issue between these components, you could try with a BIOS update, but just bear in mind that these are the officially tested from our end;
For further reference visit Tested Peripherals for Intel® Desktop Board DZ77GA-70K.