DVD to DivX 502 using dvdx2 on 1 700mb cd?

[K-a-M-u-Z-u]

i'm using dvdx 2.0 to convert dvd(ripped on my HD)to divx 5.02.
i want to do "Blak Hawk Down"(136 min.)on one 700mb cd.
any idea how i could do that?
thanks.