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AM5716: Can I use compiler v7.4.x

Part Number: AM5716

I'm attempting to create a project for the C66x DSP core on the AM5716 processor.  The SDK release notes recommend using version 8.1.x of the compiler, however the project I'm creating has a shared build procedure, source files, and other resources with a project using the 7.4.x compiler.  I was wondering if this is a hard and fast requirement or if this older version of the compiler will work?