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Epson 1290 printer problems

Hallo helpful MSE'ers,
I have an Epson 1290 printer, about 10 years old, always worked well. Until now. The green 'on' light and red light are flashing alternately at me and I thought it needed new ink so spent £18 on the whole schmozzle. But when I pushed the yellow button to release the ink pods to change them they wouldn't come out.
I've searched the interweb and a site suggested it might be the ink pads where the excess ink goes may be full.
Question a) How do I know if it is this?
b) How much will it cost to get this fixed by a fixer?
c) Should I not bother but dump this and get a new one and, if so, what?

Thank you for reading this and all helpful suggestions gratefully received.
:hello:

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