A portfolio manager is evaluating the risk profile for a portfolio of stocks. Currently, the portfolio is valued at CAD 20 million and contains CAD 5 million in stock XYZ. The standard deviation of returns of stock XYZ is 15% annually and that of the overall portfolio is 12% annually. The correlation of returns between stock XYZ and the portfolio is 0.3. Assuming the portfolio manager uses a 1-year 99% VaR and that returns are normally distributed, what is the estimated component VaR of stock XYZ?