I have installed visual studio 2012 and my .net framework is 4.5 and in that when i am creating web site project i am getting following error.

Please suggest me what I have to do.
I have installed visual studio 2012 and my .net framework is 4.5 and in that when i am creating web site project i am getting following error.

Please suggest me what I have to do.
If you have installed dot net 4.0 then go to Application pool on IIS and change it to dotNet 4.0. Run this command on CMD too: aspnet_regiis -i