What to charge the client? I'm new to the field.

I hope this is the appropriate forum for this question. I just got a contract gig for a medium-sized corporation and am doing their email news letters and web page management and design. I'm using javascript and will be doing some Flash when I finish my training in it. What I can't figure out is the going rate for this kind of work.
Do you charge per hour or per project? They want to pay me $250 per email newsletter which takes me about 3 hours to do. I have no idea what to charge for the web page stuff. BTW I'm in the Silicon Valley area.

Thanks for all the replies. I was just sent an email from the marketing manager that asked if I could add a logo and some text to an existing page and link to a new page which I would create. So one new page and mods to an existing page. I was asked if this could be done for not more than $500. So I'm getting the idea that this a good price to be getting? Sorry if I confused anyone, I will be using Dreamweaver for everything which will be programming in javascript not java. Like I said, I'm a novice. I only got this gig because I have a friend who's a VP there and he liked my website. But I was told I was being hired because the previous contractor was charging more money. This is Silicon Valley here in California so I guess they pay more here than in other places? Do any of you professionals know what the average pay is? Is there a place to go to find out? I don't want to end up charging too much for my novice work only to be outbid by someone else down the road.

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