Purdue master's program chances

[cheme84]

I am a recent graduate with a BS in chemical engineering. I want to apply for the master's of engineering (MSE) program offered completely online by Purdue University. I have an overall GPA of 3.06 mainly due to poor performance during my freshman and sophomore years but I have done well in my junior and senior years and have a GPA of around 3.4 or so in my last 60 units. Purdue does not require the GREs for the MSE program and I have yet to take it. I graduated in May 2010. The minimum requirements for the program are an engineering degree from an ABET accredited university and minimum of 3.0 GPA.

I would like to ask based on my GPA and engineering background, what are my chances of getting into that program? Should I take the GREs and then apply? Thanks.