You are certainly optimistic and the Mountain loves first time runners like you. To qualify for PPA Wave 1, you have to the Ascent faster than 4:15. If you look at Matt's Pace Chart (http://www.skyrunner.com/pace.htm) (scroll to the bottom of the page). The slowest Wave runner will cross Hydro Street at 16:00 which means you will not start the race for another 14 minutes. The slowest runner in wave 1 will reach the Top of the W's in 54 minutes. To catch that runner at the top of the W's you would have to run that segment in 24 minutes, which by Matt's Pace Chart, would have you completing the Ascent in 2:00 (a new record).