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Question: I have a rather old Video projector (Sanyo PLV 1080 HD) that I

I have a rather old Video projector (Sanyo PLV 1080 HD) that I am trying to use for my theater room. I ordered 50 ft of HDMI cable, a Elite 120 fixed cine white screen, and now need a new receiver to bring it all together. I also need a Blue ray player for my hook-up. Would this receiver work for me? I knpw it is an older model but I found a place in NJ that has it for $499. Thanks