Yes my friend, it will be possible. Tricky, difficult, but possible. Right around rankings of 30 or so, you will be competitive. Not top 20, but 30 will do it. Your GMAT is fine by the way—it is the TOEFL that we are worried about. Many schools have requirements for the TOEFL—Booth is 104 for example. I would retake the TOEFL, and leave the GMAT alone for now. Focus on applying to schools ranked 20-30, and you can make it happen this year my friend! Good luck to you.