She doesn't have to be super fast but she should be fluent with her basic facts or she may end up making all kinds of calculation errors in Algebra and beyond. I also second fluency with the methodology of long division so that the steps (DMSB - divide/multiply/subtract/bring down) are so automatic as to require no working memory as you will need to perform long division of polynomials in Algebra I and Algebra II.
I would definitely make sure your DD has access to a graphing calculator like TI-83 or TI-84 as that is the norm starting with Pre-Algebra. On the other hand, I have seen recent emphasis shifting to software programs replacing some of the calculator work. For example, DS used GeoGebra a lot in Algebra I and he is using Geometer's Sketchpad in Geometry.
