Answer:
Yes, the triangle can be formed with the given side lengths and it would have an area of 13,724.27 squared units.
Step-by-step explanation:
So first, yes, a triangle can be formed because the sum of the smaller sides is greater than the biggest side.
So first, Heron's formula consists on two parts:

which is half of the perimeter of the triangle.
And the area formula itself:

we know that a=240, b=121 and c=302
so we can start by calculating s.

Once we got s, we can plug it into the given formula:

which yields:

when solving the parenthesis we get:

which simplifies to:

so the answer is:
A=13 724.27 squared units.