It would be a really easy process. I would remove the factory black plastic mesh, cut the holes to appropriate size, and the whip up a mesh/wire screen that would give it a nice aluminum look. 98' cobras are N/A right? If you wanted to go all-out and knab extra points with your buddys or at mustang events a complete air intake system could be fabricated to boot. It'd just take some time and ingenuity.
Stutz was a bad name for a child but a great name for a car.