  We propose an interpretation for the cosmological constant problem based on
modeling the universe as a 3-brane embedded in the bulk of 5-dimensional
supergravity with hypermultiplets. When solving the modified Friedmann
equations the complex structure moduli of the Calabi-Yau manifold cancel the
large value of the vacuum energy density on the brane, wherein this value
transfers to an Anti-de Sitter fifth dimensional bulk compactified on a scale $
(\sim 10^{-26} ~\text{m}) $. An effective dark energy density is produced on
the brane which equals the observed value responsible for the late-time
acceleration of the universe. The bulk undergoes a decelerated contraction
while we show that cosmic expansion of the brane-universe consists with the
recent observed data of the $\Lambda$CDM model. On the other hand, through this
model, the hierarchy between the electroweak scale $(M_{EW}= 100 ~ \text{GeV})$
and the Planck scale $(M_{pl} \sim 10^{18} ~ \text{GeV})$ is interpreted by
compactifying the 6-extra dimensions of $\mathcal{D}=5$ supergravity on a
sub-millimeters scale, where the fundamental scale of gravity within these
extra dimensions is $\mathcal{M}_{EW}$.
