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Sample Rate through MCASP

Other Parts Discussed in Thread: ADS8318

Looking at the TMS320C674x series.  The problem is to get the samples from up to (32) ADS8318 ADCs into the device at a 500 Khz sample rate ((16 MSamples/Sec aggregate).  I have been looking at the McASP.  It appears to me that with a 40 MHz clock and 16 channels of the McASP programmed as frames of two slots each, this is do-able.  Can you verify?