PS - Also would an older Airport Xpress with AirTunes work for this? I'm seeing these things on FB Marketplace going for peanuts these days, especially since most don't know how to read the model # ;)
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All you need is a 2nd generation Apple Airport Exppress or 3rd generation Apple TV. These are available used for $40 to $60. You can than stream your music wirelessly from your iMac to one of these devices and use their optical output to your recieiver. Your computer can than be in any room of your house. You can use an iPhone or iPad as a remote. Very simple and works flawlessly. I have been doing this for over 8 years on 3 different systems in different rooms and never had a failure or dropout. My wife even has her own system using her MacBook Pro.
So I did get a used APE and then spent another $10 on a converter plug tip for my optical cable.
It DOES kinda work, however the lag in sound actually will create a lag in the Mac's function to make sure it syncs! Pretty intelligent but useless if you are using it as an extension of your regular computer speakers. So any video clip or YT or anything like a game would be a slight lag even though my amp/Pre is 4' away from me. Will check out the D3 and Schiit and use Airtunes to replace the pretty much defunct Medialink for my PS3