ASP.NET 4.5 MVC 4 not working on Windows Server 2008 IIS 7

Clearly I'm missing something, I'm unable to deploy a simple ASP.NET MVC 4, .NET 4.5 app on a Windows Small Business Server 2008 on IIS 7.

Windows 2008 VPS via ASP.NET 4.5 MVC 4 not working on Windows Server 2008 IIS 7.