A portfolio manager uses a binomial interest rate tree to value a callable bond issued by Summit Financial. The bond has a 5% coupon, 3 years to maturity, and is callable at par after Year 1. At a particular node in Year 2, the one-year rate is 3.2%. The bond's value at that node (prior to any call adjustment) is $101.74. After applying the call provision, the value at this node is: