ASP.NET MVC on IIS 7.5

I'm running Windows 7 Ultimate (64 bit) using Visual Studio 2010 RC. I recently decided to have VS run/debug my apps on IIS rather than the dev server that comes with it.

However, every time I try to run an MVC app, I get the following error:

HTTP Error 403.14 – Forbidden The Web server is configured to not list the contents of this directory. Detailed

Error Information

Module DirectoryListingModule

Notification ExecuteRequestHandler

Handler StaticFile Error

Code 0x00000000 Requested

URL http://localhost:80/mySite/

Physical
Path C:\myProject\mySite\

Logon Method Anonymous Logon

User Anonymous

I placed a default.aspx file in the directory and I received the following error:

HTTP Error 500.21 – Internal Server
Error Handler
"PageHandlerFactory-Integrated" has a
bad module "ManagedPipelineHandler" in
its module list

Are there any other steps I forgot to take to get this working?

Notes: I installed IIS 7.5 after installing VS 2010 RC. I used the built-in "Create Virtual Directory" button under the "Web" tab in the MVC project's "Properties" in Visual Studio 2010. I made sure that the application is using the ASP.NET 4 App Pool.

Below are the installed features of IIS I have.