You should be OK assuming you have enough room in your case, and I won't even venture into that.
That Coolermaster EPP500 functions just well enough not to be called trash, barely. http://www.newegg.com/Product/Product.aspx?Item=N82E16817139027 is an alternative (29.99 AR). Not a whole lot of options on 500 watt PSUs for the $50 mark, the Corsair is a steal for what you get. You might be able to get a CX500M for around the $50 mark after rebate if you shop around.
Look around. You can find a GTX760, or a GTX660Ti for the low $200 range if you can live with rebates. Might be some bargains in January. Older AMD/ATI cards are just outrageous as far as price goes due to litecoin mining.
Edited by dpunisher, 15 December 2013 - 10:32 PM.
I am a retired Ford tech. Next to Fords, any computer is a piece of cake. (The cake, its not a lie)
3770K @4.5, Corsair H100, GTX780, 16gig Samsung, Obsidian 700 (yes there is a 700)