Computer turns on but will not boot

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Model: Emachines T5088

I pushed open the cd-drive and then my monitor turned rainbow. So, with this I powered off the computer. When I tried to turn it back on it would turn on, beep 3 times and the fan would run loudly.

I tried to call emachines tech support, but they are all a load of bull. They said they know exactly what is wrong and can help me fix it but they would charge me.... I just hung up after that....
 
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