Advice on server specs for Jellyfin with 50 users

[hushaan]

Hi everyone! I'm planning to set up a Jellyfin server for about 50 users (mostly friends and family) and am considering this configuration:

• Server Model: Dell PowerEdge R6515
  
• CPU: AMD EPYC 7402P
  
• RAM: 64GB ECC DDR4
  
• Storage: 2x 480GB SSDs with a RAID controller
  
• Network: 1 Gbps (50TB transfer)
  

The cost is around €101.99/mo (ex VAT). My main question is: How many simultaneous 1080p transcodes could this server handle? Also, do you think this setup is overkill, or could I find a more cost-effective alternative that still meets my needs? Looking forward to your advice on potential cheaper options with a good balance of performance and value.
Thanks in advance!