Volt drop doesn't work like that. 100 metres of CAT5 / 5e has a loop resistance of ~20 Ohms per 100 metres (of course, the maximum permitted run between ports is 91 metres in the CAT 5 / 5e specification). Given that the modem doesn't draw a constant level of power whilst in operation, it would be impossible to regulate the upper voltage limit with a fixed length of cable (for an explanation of this, see Ohm's Law). In addition, the cable would need to be longer than the maximum data transmission limit given the port power output of 15.40W as specified within IEEE 802.3af - and make the wiring quite warm too.
See
http://www.belden.com/docs/upload/PoE_Basics_WP.pdf
Edited by deleted (Wed 18-May-16 18:50:54)