Art Contest

Ok, I have a dilemma.  A magazine for artists worldwide is having an art contest.  If I entered there is a small entry fee.  My painting would be in the class for still life.  What are your thoughts.  Would it be a waste of my money?  Winners will have their art work in the magazine and a small amount of money.  I still have a little work to do on the background.  I will also have a higher quality photo to send in.