Connection questions

I have a ceiling mounted video projector which I use to watch TV and DVDs on a large 106" screen. The video runs through my receiver with component cables. There is a component cable which then runs over the ceiling to the projector. Sound comes from the receiver using an optical cable. Can I use the Apple TV to stream iPad 2 tablet content ( games, Crakle) through my receiver to the projector?? I believe I will need an HDMI to component video conversion cable (which also contains an RCA audio cable) to hookup between the Apple TV and my receiver's component IN and RCA audio IN. Will the Apple TV stream through the cable into my receiver and out of it through the component OUT cable going to my projector and using sound from my optical OUT on the receiver??

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