Hmm, is it reasonable? Depends on whether you think garages should make $200 and hour.
The part is $150-200 (see http://fcpgroton.com/volvo850oxygensensors.htm). Add an O2 sensor socket removal tool, $25 (http://ipdusa.com/ProductsCat.aspx?CategoryID=507&NodeID=4613&RootID=629), no more than an hour of your time, and you get the job done yourself for under $250.
Search the archives, some have re-wired generic O2 sensors, available for under $100. The only difference tends to be the wiring harness.
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