Eagleway built a short position of 1,000 shares of stock when the underlying stock price was $50 a share. Eagleway expected the stock price would drop to $20 a share in 12 months. Eagleway needed to put up collateral with value equal to 102% of the borrowed position. The lending fee is $0.02 a share per calendar day.

What is the value of collateral Eagleway needs to post if the stock price increases to $100?