That's a fine camera and I'd give it a chance before buying something else. First off I'd just buy some 64T, throw it in the Canon, and let it automatically expose like K40 without doing anything special. Just make sure you're shooting in outdoor daylight mode with the built in 85 filter engaged. 64T isn't that far off from K40 and many folks are getting very good results shooting 64T in 40/160 auto only cameras. If you don't like the results, you can start playing with the manual exposure controls.
I'm sure there's a camera store or two around Chicago selling 64T. If you're having problems finding it locally, ask that question over on http://www.filmshooting.com
Go to Walmart for processing. They'll send it to Dwayne's and you'll get it back within 2 weeks for $4.88 total.
If you don't have a projector, check local thrift stores and flea markets. Super 8 projectors can be had for $10 or less going this route... same projectors sell for $50 or more on Ebay. Just make sure the bulb and drive mechanisms work before buying.