Printer Repair Questions? Ask IT Technicians for Answers ASAP
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From what you describe, this is unfortunately an internal hardware failure, either the power supply or logic board has failed.
It is technically possible to fix, but it would not be practical to do so.
This machine is obsolete, and at 7 years old, it is long past its designed service life of 3 years. You'd be looking at $250 on average for parts and labor to have it serviced (assuming parts can even be found, which is itself unlikely).
By contrast, you could replace it with a brand new and better machine, for a fraction of that cost.
If you want only a basic photo printer, you can get one these days for as low as $50. If you want a larger machine, or an "all in one" that can print photos as well as scan, copy, fax, and print documents, you can get a good one of those for under $100. (Note, I'm in the US, and giving relative pricing in $USD, as I'm not familiar with the exchange rate where you may be).
I'd be happy to recommend some replacement options for you, if you would like. Just let me know what country you're in, and what type of machine you'd be interested in, or what features you're looking for.