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Question about SN74LVC1G125

Other Parts Discussed in Thread: SN74LVC1G125, TPS5450

I plan to configure SN74LVC1G125 as in follow image.

My idea is to keep the output of SN74LVC1G125high during power on and power off to prevent transistor from floating.

The transistor will enable TPS5450 based on power sequence.

Can I configure SN74LVC1G125 at attached image?

Many thanks.