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Go down to the local supply store used by the body shops, not just the corner O'Reilly's. 3M makes a urethane bumper adhesive and filler. Personally I wouldn't trust any other brand of products for it, as the part has to be able to flex. It looks like a fairly straightforward repair and shouldn't be all that difficult. Lots of sanding and the paint matching can get a little tricky.
Again take a paint chip down to the supply store. Most have a color analyzer that can scan the chip and match up the color and provide you with the small amounts of primer, color, clear, and catalysts you will need. Use a good automotive paint, not cheap stuff, if you want professional results. The folks there can typically give you some pretty good advice.
It's $400 for a reason, the materials are expensive and there is a lot of time involved, but it's your time so that should help.
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