Camera Help!

I have done some searching on Google, but I wasn't too inspired to read on based on the initial findings. Bascially, my camera got splashed with salt water. It's a wonder my laptop got away unscathed. Is there really any hope at all? The camera is a Kodak Z740 (digital) and it will turn on briefly (a fraction of a second), but then turn off. My mother said it was making noises whilst it was turned off. Quite a way to close out the family vacation. My father said I could try alcohol, but I don't like the idea of dunking my camera in alcohol anymore than water. I really need a firm, no BS assessment here; do I have a chance? Everytime I think about this I get a huge sinking feeling in my stomach. 
