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$700 is ridiculous for that job. I had mine replaced for about $200 at a local mechanic.
If you decide to do it yourself, get the whole arm. Pressing parts in isn't much fun in the garage. (I know, i pressed my bearings myself...bleh). Plus, it probably won't cost much more, will replace all the possible worn parts, and will save a lot of install time.
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I'll edit YOUR signiture!
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