Is this hardware enough to run 5 VMs

I want to run 5 VMs for test only (no production, no expectation of availability) on the following hardware:
Dell PowerEdge 2900III server with 2 x Quad Core CPU @2.0 GHz, 32GB RAM and 4x 73 GB 15k rpm SCSI direct attach storage
The VMs will run OEL5.0, Oracle 11g. My idea is to create a test setup with one VM running grid control repository/OMS and 4 VMs for testing RAC/Dataguard/cloning etc. Is the hardware configuration enough or is it a totally stupid idea?
Thanks...

Hey,
It should work with this hardware.
You need to go BIOS and - in advanced setting - go in processor - and select - visualization - enable it.
save the changes and exit.

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