What LEDs do you have that need 120mA? Sounds high.
74hc138 only sources 4mA
If you want 2.88A, you need a part with gain of 720.
This part only has a max gain of 390, so I would say it wasn't acceptable.
Great, thanks for the info...now I know to look for gain as well.
The LEDs are just standard ones normally driven @ 20mA but the spec sheet says I can drive to 150mA as long as I keep it under 0.1ms, which I'll be doing so I can PWM. They're being driven by 3 TLC5916s which support 120mA per channel.
Look in the table - Iout 4 & 5mA to be able to get the rated output voltage.
You are looking at Absolute Maximum - you can't design to that and hope to have any longevity with the part. It will run hot and fail prematurely.