The failure code indicates that the hard drive has failed or is about to fail. You will need to replace the hard drive to solve this issue. Once the hard drive has been replaced, you will need to use your previously created HP Recovery Media to return the computer to a factory like state.
When you first setup your computer, you should have created your personal HP Recovery Media. If you didn't create your HP Recovery Media, please see DVD - Windows 7 64b + Supp 1 Recovery Kit to purchase this media.
If you have any further questions, please don't hesitate to ask.
Please click the White KUDOS "Thumbs Up" to show your appreciation