I suppose first of all you should analyseanalyze a few thingthings,
- How will the company benefit from you?
- Do you have the knowledge and will(since itsit's your first job and I assumed you haven't done any real testing yet) to meet the requirements?
- What kind of career opportunity does the job provide?
- Think of where you would like to be 5 years from now?
And then decide on the pay scale, which by the way is always negotiable!