In short, yes you can upgrade to a P4 cpu but from the compatibility chart at Intel support, it looks like the upper limit for this older board is the P4 2.6GHz.
Note: Even at that, running the P4 2.6 would require a BIOS upgrade to P12 or greater.
Luckily, the following link has the information you seek: (for BIOS info, click the "BIOS Version" link in the upper right corner of the compatibility table provided)
Intel
D845HV CPU CompatibilityI hope this info is helpful!
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