"Mbps" with lower "b" seems to be Mega_bit_ per second, right? Thats really, really _low_.
Cause you have to leave headroom you can't seriously stream with more than 2700kbps, if any. You didn't wrote about your kind of content. So if you stream a churches service in 720p with seldom movement in the picture area, you can clearly go for this. If you intend to stream gameplay or any kind of fast changing image content: nope.