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Certainly its worth saving but more important will be the memories you will have sharing the experience with your daughter.
There is a very inspiring story on the Fiero Forum about a 12 yr old girl named Kathryn who convinced her parents to let her buy a trashed Fiero so she could rebuild it by the time she reached her 16th birthday. Her blog about the rebuild has been going on for more than four years and it is truly a wonderful story. It would be an inspiration for your daughter to read it before you both started on the Model A.
Google "kathryn fiero forum, then click on "12 year olds and cars"
Good luck with your project and the relationship it will build with your daughter.
Glen