Yes, that is even a bit more natural, with 'est' at the end.

In Classical Latin, it is supposed to be pronounced as 'w'.

Or rather, think of it as a short u-sound inbetween vowels. The romans even treated u and v as the same letter, as it has the same sound.

As the others said, in classical latin it was a "w" sound, but in vulgar latin, it evolved into the "v" sound as we know it. So depends if you want to put on a late latin accent or a classical one

So, in a classical reconstruction, you pronounce v is w, but you pronounce it as in English in church or medieval Latin

Yes :)