For a good under 8414.60

1. Can the good qualify using option 1 of Rule of Origin. Explain.
2. Can the good qualify using option 2. Make calculations, show formula and numbers, and explain.

8414.60 A change to a good of subheading 8414.60 from any other heading; or No change in tariff classification required for a good of subheading 8414.60, provided there is a regional value content of not less than: (a) 35 per cent under the build-up method; or (b) 45 per cent under the build-down method; or (c) 55 per cent under the focused value method taking into account only the non- originating materials of heading 84.14.Material 1 Originating 7005.10 $ 600 Material 2 Non Originating. 8414.60 $ 350 Material 3 Non Originating 7306.61 $ 72 Labour $ 79 Overhead $ 89 Profit $ 65