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Port 540 Issues on TMS320VC5416 DSK

I plug in the device to the computer using the USB and everything seems to go according to plan. It installs the device properly and says that the device is ready to use. Then when I try to open the CCS that came with it, an error pops up that says "Can't Initial Target CPU" and "IPORT = 540." I am running this on a windows 7 computer. Could that be the issue?