7020 plus PSU upgrade

Hello, I have a 2024 optiplex 7020 plus with the i7 14700 in it and the 260 watt bronze psu. I want to  uprgrade it and put as better gpu in it but I need a better powersupply since there is no extra 8 pin pcie connector on the current psu. The psu I found has this part number: L500EPS-01 Y4CXG. I was wondering if this would be compatible with an 8 pin gpu?