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Timer interrupt maxes out early

Other Parts Discussed in Thread: TMS320F28027

I am trying to generate a fixed period timer interrupt at 1 MHz so I can communicate with an external DAC to generate a 100kHz sine wave. Thus far, I have only been able to generate a timer interrupt at around 50kHz; this is with a timer period of 500 and SYSCLKOUT at 60MHz. Also, I made sure that the prescaler is 0. Any ideas what could be happening here?