The issue occur when the following items are not installed or running.
Internet Information Services (IIS) World Wide Web Publishing Service (W3SVC).
ASP.NET
CGI
IIS 6.0 Management Compatibility
Steps to install the components on Windows 2008:
1. Right Click on Computer
2. Select Manage
3. Select Roles
4. Click on Add Roles
5. Select Web Server (IIS)
6. Click on Next
7. Click Next on the "Introduction on Web Server (IIS)
8. Select ASP.NET, CGI, and IIS 6.0 Management Compatibility."
9. Click on Next
10. Click Install.