Deploying .net core to IIS

I am trying to deploy .net core 3.1 Test Web API application into IIS and I am getting error 500.19 error code 0x8007000d. Can you please help me to identify what is wrong with the config file. Here is the code:

<?xml version="1.0" encoding="utf-8"?>
<configuration>
    <location path="." inheritInChildApplications="false">
    <system.webServer>
        <handlers>
        <add name="aspNetCore" path="*" verb="*" modules="AspNetCoreModuleV2" resourceType="Unspecified" />
        </handlers>
        <aspNetCore processPath=".\Test.exe"
                    stdoutLogEnabled="false"
                    stdoutLogFile=".\logs\stdout"
                    hostingModel="inprocess" />
    </system.webServer>
    </location>
</configuration>

Using Jexus manager I generated a report and it says Invalid certificate, I installed IIS manager on my local machine and tried to browse using localhost and it returns error 404.