---

You might want to remove the machete from the bottom it will cause a lot of drag when you run it.

The big issue is how much the boat weighs. If it is really soaked foam then it is probably not worth spending time and money. If the water was just in voids and has drained out then the boat is definatly fixable. Grind away all the loose stuff and bottom paint and cut the glass away where it is actually falling off already.

You will probably need some 2 part foam and some fg cloth like 1708.

I am a big fan of epoxy resin not poly so others will differ here.

Put in foam as needed, coat with epoxy to seal the new and old foam and then add more resin and cloth to fill the voids back to flush with the existing bottom.

I found using thin plywood as a "reverse form" worked well to keep the foam in the shape of the hull.