Using .net framework 4.6.1 on mac with m1

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Good afternoon. At work, we are developing an old project that uses such old things as .net framework 4.6.1, wcf, and so on. Now I'm working on a mac with intel, I'm running the project through visual studio in Parallels.

Wanted to know if I can work on a project on mac with m1?

Parallels released a virtual machine for m1, but it uses windows arm, as far as I read. Will it be possible to run such an old project on mac m1 via Parallels?

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