Pic of the arrow below.
Ok now i figured the fps with the following method.
Take the distance you shot the projectile from (25 feet in this case) and divide it bye the time in milliseconds it took for the projectile to leave the muzzle and hit the target (0.102 in this case) and the out put is the FPS the projectile was traveling at

Here is the equasion
D = Distance from gun muzzle to target.
T = Time it took for the projectile to leave the muzzle and hit the target.
D (25) / T (0.102) = FPS (245.09803921568627450980392156863 Rounds to 245.1)
I used audacity to take the sound from the video and find out the time it took for the projectile to hit the target.
Now for the video kinda boring lol (Arrow was shot at 100psi).
http://s113.photobucket.com/albums/n209 ... ure091.flv