Amp repair cost — is this right?


I recently sent my Musical Fidelity a308cr power amp off to be recapped. This amp is somewhere around 16-18 years old and one of the power caps failed. I contacted Musical Fidelity and sent it to a repair shop they recommended. Today I received an estimate to replace 18 caps, 8 of which are large power caps, resolder the boards, and re-bias the transistors. Basically a full overhaul. The quote I received, including return shipping (prob around $100) Is over $1,300 which possibly exceeds the value of the amp. That doesn’t include the $115 it cost me to ship it out. Having never had an overhaul done on a power amp like this, I’m wondering if anyone with experience can tell me if this sounds right. I guess I was expecting something more like $600-$800 but I don’t know why since I really don’t have a frame of reference. Perhaps it was the assumption it might be 4 hours labor (say $400) plus max $200 for caps. Is $1,300+ on track? Either way I’m going to be out the shipping cost plus a $160 fee paid for the estimate.
jnehma1
Upfront I do not know if that is a reasonable cost for a high quality job or not. In my profession quality cost more because of the time it takes to do a quality job. So getting an opinion from someone like Bill Thalmann ex conrad johnson could be a prudent inquiry.

I had a amp I thought of repairing and rebuilding/upgrading. I didn't do it. I got a new amp and that seemed to necessitate other changes that cost. So you may figure that in to your situation. Not only did it cost  more that just the amp for me to be happy. It took a long time for everything to settle in. If I had to do it over again I would have got it fixed. Just me though.
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Lets get this straight.

Those large power caps are about $15 each, MAX. OK? MAX. 

that's $120 raw cost then double that price as included in the repair. So we're at $240, plus and hour at $100 to put them in. Let's be generous and call it $150.

$390. $100 cost to return, max, as they get a discounted rate as they use the shipping service  (UPS/ Fed-EX) often. 

I'm having a tough time finding the other $810US in there.... 

It's impossible, in fact.

I have to stop myself from saying nasty things, here. I'm offended to the core.
Between the shipping and the estimate you are already in for close to $400.00. If you don’t get it repaired you have thrown that money down the tubes. It’s your call!