Not able to open asp.net MVC 4 project from IIS7.5

Hello everyone,
This is my first post here but let's go straight to the point. It's my first time when I actually try to use something different from IIS express and I'm having troubles getting even the simpliest set up to run.
First, a quick recap of what I am using - I have Visual Studio 2013 express, Windows 7 Ultimate, I've installed the IIS which seems to be IIS 7.5 by default in "Turn Windows features on/off". After I installed IIS and it's components I create an MVC 4 solution using the Internet Application template. Then right clicking on the project -> properties, there I choose from the drop-down to use Lcal IIS, then when I tried to save I clicked "Yes" for creating a virtual directory and "No" for changing the localDb. The solution is created in C:\inetpub\wwwroot\tst so when I open the IIS under Sites -> Default Web Site I can see my "tst". I use ASP.NET v4.0 (Integrated) from the Application pool ...