IU Kelley school of business admission concerns!!

<p>Im currently a senior in high school and about 2 weeks ago I applied at Indiana Univeristy (Kelley). (My transcript, teacher recommendations, personal statement also should have been sent to the college by my counselor about 2 weeks ago.) My main concern is that my friend and i did some research on Kelley school of business couple days ago and found out that the auto admission requirement was ...
act - 29 or higher
gpa - 3.7 or higher
PROBLEM is that I have an act score of 26 and 3.68 (weighted) gpa. But i have participated in many extracurricular activities. I am president of 2 of the clubs that i am participating in and am ranked 5th overall (breast stroke) in Kansas for high school swimming. (I dont know if they changes anything in admission...)
So I am wondering, do you think i can even get into that school or if i can, taking for consideration, how long will i have to wait?</p>