It's too early in the morning for me to figure out if I meet your required years, but I am a currant Tuckie who got in on the second try.
First time I applied I found myself on the wait list until I ran out of time and was dinged. Second time I got a promotion at work, took a leadership position in nonprofit, and improved my essays and got in. I know lots of reapplicants who got in up here.
My recommendation is to not try the same thing twice. If you didn't get in, you probably have an area that can be improved. Get feedback from admissions and use it to make yourself a better candidate. Reapplying also signals you are serious about enrolling if you get in - why is that a bad thing?
You will reinterview and the application is mostly like you didn't apply before except you need one LOR and there is a box where you can check that you are a reapp.
Anyway, it is rough getting that ding. I feel for all of you, because I have been there. Try again, but be strategic. Who knows what can happen?
Posted from my mobile device