You have to remember a couple things, how far do you want to take this? If you have the cash, then yeah, anything is possible. You could go crazy fast in it; totally redesign the engine to the point where you run NitroMethane and you might get there.
The things you will have to look at would be a total rethinking and retooling of the block all the way down to balancing your crank and cams and reinforcing the block. You will want to make sure that when you run with so much HP that when all your cylinders fire, they don't block the block apart. Then there is the gas. Do you want this to be a daily driver street car or drag strip queen? Daily driver will require $$$ due to the gas you will consume. Think about it, you will have upgraded the fuel system, fuel injectors, fuel rail, fuel pump...etc etc. Now let's also look at your camshaft. You will probably be running a "wild" config and that will make your idle lope and it will be as the call "irratic" this will consume more gas. So you will have to accomidate for this...
Don't forget you will want your tranny to be bulletproof and Limited Slip plus you will have to replace your half-shafts (axles) and beef them up
Now if you want, make it a drag strip queen and it will be garage kept and stripped down and rebuilt at almost every track event to make sure that when you go down the track, you don't blow the thing up
Dude, go for it. Do it. But be careful, trying to make a car that goes that fast will require much care and you will be wrong for taking a minor short cut. Don't get it wrong, it could cost you your life. Not fun
