Start out by removing the excessive amount of screws. You don't have to worry about hidden screws and glue. It comes apart easy.
Bam! your inside.
If I may just go on a tangent here. you may think that is a mega missile tank, but...
As you can see a good bit bigger.
Ok, back on track. Take out the tank and pump assembly. then cut the barrel back just under half the length of a 15mm PVC coupler.
wrap electrical tape around the stub so that the Coupler fits on air tight.
Then jam the coupler on and add some epoxy to make it permanent. make sure you leave this much of a gap behind the coupler so it fits into the shell again.
Reassemble the gun, but before putting the shell back together, add some lube to the part where the wire rubs against the shell. that will get rid of the hideous squeak.
And there you have it. Add a foot long barrel and let fly the foam of nerf war.
Range test comming soon.