Trying to figure out if $1200 to get vehicle from tow company is worth it.

What is your question?

Doing about 80mph on highway when vehicle lost power. Came to a stop on shoulder dash lights came on. Hazards were on for a few hours. When I tried to start again absolutely nothing no clicking. Put a new battery in it and then when I turned the key it would just crank over and over but wouldn't start. Timing belt and water pump had just been replaced and it was running great. Don't want to spend $1200 to get it back if engine is likely shot. Are there any other possibilities. Any help would be greatly appreciated. It's a 2005 Mitsubishi Eclipse Spyder. Thanks!