I have a Canon camera which captures video in MJPEG AVI. I wish to convert it to DivX so that I can play it with my Digitrex/Zensonic DVD MPG4 player (they both use the Mediatek chipset).

What codec works best and at what bitrate?

I have tried Xvid but havent quite found the happy medium between quality and bitrate compatible with the DVD player.

Any other suggestions???