After spending a good portion of my weekend reading though various threads on the site I decided to register and post up some questions. I've been airsofting for about 6 years now, and I've decided I want to make my own rocket launcher. Specifically the M72 LAW, and I want to keep the aesthetics close to the real thing as possible.

30.5" closed - 38.5" open - 2.5" barrel (business end to the right)
I plan on using the NERF Vortex footballs with the tail on them for ammo, hopefully with a range of 100 yards. It would be great to run it on 12g Co2 powerlets in the instant tire inflators. Pumping it up with a bike pump is always an option too. I'm also thinking about if I want to use a straight system, or if an over/under would work better. If I went over/under, the chamber would have to be small enough to fit in the boxy part on the main tube where the push trigger and sights are.
I'm also wondering if the following valve would work:

Push Button Self-Closing 90 Degree Straight Valve
I worked with the GGDT to try and get an idea of the required sizes for barrels and chambers, but I didn't have much luck with it. I also took a good look at the post on chamber sizes for 12g Co2
http://www.spudfiles.com/forums/viewtopic.php?t=244&
But I'm not sure about how much PSI would be need to shoot a NERF at the ranges I'm looking for.
SO! Any sort of help, and/or suggestions would be great.