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I have an 2007 2.4Ghz imac. What I would like to know is how good quality of an audio input/soundcard it has. Would I be better suited to use the built in input or a cheap usb interface such as an imic?

My band and I want to start making some recordings so this is what i have come up with as a setup. A behringer 8 input mixer, an sm57, two xm8500's, and an imac. I figure we can do instruments/vocals in one track and then do drums separately because we can't afford much else. My question is...