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$400 seems way too steep for one track. That guy better be the best in the business for that price. You definately would want to be present at the studio to oversee the process, especially at that price. I've seen much more reasonable prices online for mixing and mastering. You'd probably get the same result, or better.
I think it would be cheaper, and more convenient for you if you learn how to EQ and mix your own tracks. Even I was able to get the hang of it. If you just don't have the time, I understand, but I think you would find it worthwhile to learn. You can still pay someone to master your tracks, or get a friend to do it. You can get tracks mastered online for $25 a pop. It's usually better to get someone else to master your tracks anyway, because they will be listening to it with fresh ears.
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