A:AnswerYes - it has one hdmi and one DisplayPort, so you would just need two monitors that have each type, or get a cord that can convert one to another.
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A:AnswerThis model comes with a ASRock B560M-C. Although, the motherboard may vary depending on when the PC was manufactured.
I'm pretty sure you could add a water cooler but I don't think it's necessary as the case temperature stays very cool inside.