That projector is Chinese JUNK!!! These forums are full of reports warning people to stay away from these units. They're also known as "White Van Scams". Look closely at the specs, it isn't even HD, the NATIVE resolution 640 X 480!! Which means that any source resolution that is higher is DOWN-GRADED!! And the Contrast Ratio is a JOKE at 600:1. This is not a major player in the projector market and you will not find anyone stateside that will support it. If you have a problem with it, where does it go? I'm guessing back to to China.
I would seriously rethink your strategy. As was already posted, $350 is not a serious number for what you want to do. Of course, you're free to do what you want but you came here asking for our opinions and we had to tell it like it is. Good luck.