It all depends on weight and suspension. With moderate weight reduction (spare& jack, emissions equip, some other misc BS stuff) it should be able to hit 118-120. With a more aggressive weight loss program like K member/a arms, interior items, bumper supports, 120-122+ happens routinely for cars with similar power. ETs from low 12's at a min with street tires to low 11's with a better suspension/ slicks.
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if it's cheap & reliable, it ain't fast, if it's fast & cheap, it ain't reliable, if it's fast & reliable, it ain't cheap