The parts are only about $20. That's not too bad.
Also, much of the point of a CMoy is learning how an amp works and how to assemble something that actually works. Further, you can always sell it to fund your next project.
I'll take exception to the comment about the superiority of commercial amps, as well. DIY amps are usually better for a number of reasons.
Technically, DIY is better because of the "many eyeballs" phenemenon. DIY projects are offered openly to builders everywhere. If there is something wrong with a circuit or a tweak that can make it better, someone usually notices that and points it out to the designer. If it's good, it usually gets added to the project. Check the revision histories of the more popular amps and you'll see an evolution. Commercial designs almost never get this level of scrutiny. While commercial designs can be excellent, they rarely get the beating and trial by fire that DIY amps get from those who build them. If you go DIY, you're almost guaranteed that the amp's design will be bug-free.
Another argument is that of selection. When you build your own, you can use whatever parts you have on hand or want to substitute in. You get the exact amp you want.
Similarly, price is a huge factor. Without labor and overhead. You can DIY an amp of excellent quality for far, far less than a commercial model.