HTTP Error 500.19 - Internal Server Error-0x8007000d

I encountered this error when I tried to host my asp .net core project on local iis.

I have installed the asp .net hosting bundle, checked the permissions to my web.config file but still of no use.

My web.config file is as follows:

<?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=".\SampleApp1.exe" stdoutLogEnabled="false" stdoutLogFile=".\logs\stdout" hostingModel="inprocess" />
    </system.webServer>
  </location>
</configuration>
<!--ProjectGuid: e4b7dcc7-c9c3-48c5-9a12-0a9ee0c9ac2c-->

My asp .net version is 3.1.201. Also, usually at the error page you should see the physical path as well but in my case that's empty though I set the physical path to my web files.