Kodak V1073 Digital Camera lense will not retract and immediately turns off once powered on.

The problem is that the lens has become stuck in the barrel. There are some DIY solutions you could try, but the probability is that you will have to get it fixed by a professional. Use these at own risk as it may further damage the camera. Firstly, try connecting your ac adapter or usb cable. Try holding the shutter button while switching on the camera.

Look at the lens, and if some of the lens 'circles' is misaligned or not concentric then try wiggling it (while holding camera lens down). Try gently pushing or pulling the lens when it extends but this is risky as it may cause the lens barrel to slip out of its guidance system.

If your camera is still under warranty and has definitely not been subject to misuse then contact the Canon service department in your country to find out about a free repair (but as your camera has been dropped this will not apply). If the warranty has expired though a professional repair will far exceed the cost of replacing your camera. You will therefore have nothing to lose by trying to fix this yourself.

You can also have a look at THIS link.

Hope helps.