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#11
Yes, so this is the blank hard drive (that can grow to 127GB), and it's called XP_Machine. It always starts out as 4,096KB. BTW: you have a second hard drive file for whatever reason that is now 36GB in size).
Now in the properties of that VM, you will have a DVD drive (you may have to hit the add hardware button to get it), and this is where you attach that ISO file...which contains the media that you will use to install Windows XP onto that blank hard drive above. In my example, I have the Server 2019.iso file mounted on my VM.
When you first start up the VM, it should prompt to start the WIndows XP installation. It will be installing into that 4,096KB XP_Machine.vxhd file from the above screenshot.
Try again, then click 'See details' at the bottom of that message. That usually makes it clear what the problem is. Post a screenshot of the details if it's not clear to you.
What we can see is that it does say that the Hypervisor is not running. Is virtualisation enabled in the bios?