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TLC5943: TLC5943 Vneg LED drive

Part Number: TLC5943

I have LED outputs where return path is shared (VIS led has IR led as return and vice versa)

Since the TLC5943 acts as a current sink and I will ONLY use either VIS or IR LED at once (not simultaneously)

Is the circuit below correct (I have +8V applied to VIS LED with IR LED path as return when VIS LED is desired and -8V applied to IR LED with VIS LED path as return when IR LED is desired