A risk manager is evaluating the risks of a portfolio of stocks. Currently, the portfolio is valued at CAD 248 million and contains CAD 15 million in stock T. The annualized standard deviations of returns of the overall portfolio and of stock T are 16% and 13%, respectively. The correlation of returns between the portfolio and stock T is 0.45. Assuming the risk analyst uses a 1-year 95% VaR and the returns are normally distributed, what is the component VaR of stock T?