No. Ive had that GPU becore, infact it was my first GPU. Alongside a 1.6GHz processor, my computer went nowhere.
Sorry. See if you can get an ATI 4850 or any 48xx model. its 109.99 new and cheap used, you might have a chance with that.
what if i overclock it
You cant get that up to more than 1.6 GHz likely, and your motherboard probably doesn't support it.