Will this version of Photoshop do?

I've finally managed to save some money for Photoshop but since it's a pricey program I want to make sure I get the right one. I don't want anything fancy just the basic Photoshop that will allow me to make graphics using selective coloring. My question is, will this version suffice:

http://www.bestbuy.com/site/olspage.jsp?skuId=8519203&st=photoshop&lp=5&type=product&cp=1&id=1186006593265


Thank you.

EDIT: Since it seems that this version doesn't have Selective Coloring, my next question is, which version has it and is the cheapest?