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Mitsubishi M16 series is very rich with timers. It has auto reload function.
Only bad think with M16 is they do not have EEPROM on the board.
I currently use M16C10 derivative. The best compiler for it is IAR one.
I did cros check three compilers NC30, IAR and Tasking.
IAR is by far the best one. NC30 is garbage. Tasking - medium class.