You betcha.
Change "Output Mode" in "Playback Options" to "Disk Writer". It will send the output to a wav file of your choosing (under "settings"). Make sure you have the files you want and the way you want them to sound because you will hear no output but it will make a wav file. Trust, Grasshopper.
Try one track first to make sure it makes the wav file the way you want it to sound. After you're done, change back to wave out or direct sound, whichever you're using and turn off DFX so you can hear exactly what it sounds like in the new file. If you like it, reset all back to "Disk Writer", turn on DFX and do the rest of your tracks. If you don't like it, change settings in DFX and keep trying until you get what you want. Pick a short track.
Then select those new wav files to burn.
CVIII