Thx all!
I should clarify that I'm gonna take this job no matter what, precisely because it's my first

It's just that I want to know what's considered fair.
Do you need to buy any data for this project or do you have everything available already?
Data cost is minimal, just for burning CDs.
Is there more work from this client coming in the future?
Very likely. But I suspect it'll be difficult to raise the fee later now that I've agreed to this price tag.
Do you need to buy any additional software (looks like you're all set with Manifold and Illy).
Nope. Perhaps some fonts & plugins.
How does the fee compare to your regular expenses?
No, I won't starve:)
Will you be able to use some maps from this project as self-promotion?
I doubt it.
How much time do you think you'll spend on each map?
It took me a FULL day to do the test map. My guesstimate is it's going to take me 3-4 hours avg. for the rest of teh batch.