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I would say $50 an hour for someone working out of their home would be excessive in this situation, especially considering there's no capital outlay involved (I don't mind paying people a fair wage to earn a living, but I don't agree with paying ridiculous amounts simply because they and their industry think they're worth it). However, I'd also assume it would take longer than 10 hours, but I guess that depends on the length of the book and how much correcting has to be done. If it's a particularly messy manuscript (about 400-500 pages MMPB), then $500 would certainly not be unreasonable. I'd expect a lower bill if it was a shorter book or if it wasn't too messy.
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