No. A screen with a blinking folder/question mark indicates a hard drive issue. Typically this is just a hard drive failure, and that’s what I would assume based on your system’s age, but you could always give First Aid in Disk Utility a shot. [https://support.apple.com/en-us/HT204323|Apple has an entire post on troubleshooting steps] you can read through, but basically you should just boot to recovery by holding the Option key on boot, and selecting the recovery partition. If you can’t see the recovery partition you’ll probably need to insert your installation disk and boot from that instead. Once you’re in Disk Utility you can use the First Aid utility on your system drive to try and recover from any errors.
If Disk Utility can’t see your disk at all, or First Aid fails, you’ll pretty much [guide|5211|have to replace the drive].