switching power supply on/off with 0v

[clintw]

I bought some bicolor leds that I planned on using as indicators for a plc. my problem is that the output card on my plc outputs 0v and the 3 lead leds have a common cathode. I was planning on using a LM317AT voltage regulator and 2 resisters to step the voltage down to 3v. so my question is can I leave 0v to the led cathode on all the time, and +24 to the voltage regulator on all the time, and switch 0v between 2 voltage regulators with the plc to turn red/green on?

 

[kam1787]

https://www.instructables.com/id/Ar...ash/step3/Program-The-Arduino-Common-Cathode/