I recently had one of my guitars serviced because its neck was warping, and it was quite pricey (acoustic guitar from 70's - dad gave it to me). Take it to your local guitar shop or music store - they'll tell you if its worth repairing. But at a glance, I expect that you'll pay a lot to get it in perfect condition. Do you aim to play it when you fix it, or sell it? If your goal is to play the guitar, I suggest you just buy a electric guitar from a guitar store (it'll probably be cheaper, but thats my guess).
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Pure rationality, I'd say, is insane, given a human interpretation of the world - but rationality, by definition, is rational, so perhaps it's our humanity that's mad — Me
My Fractured Philosophies—My Photography