If you want to try a DAC, the Apogee DA-1000E will work with either your Denon or your T100. IMHO it is extremely good sonic value, as good as or better than anything else at its ~$600 price. Note that it has a BNC connector for S/PDIF input, and its analog outputs are XLRs. (The output pin configuration can be set using DIP switches inside the case.) It also needs an external power supply (input via a DB-15 computer-style connector) but it's not too picky about voltage, 12-15 VDC will do fine.
If you do get an external DAC, make sure your digital interconnect cable is 1.5 meters long. This will reduce the jitter caused by internal reflections in the cable, and is especially critical if your transport (or DAC) uses RCA connectors, which cannot be made to a 75-ohm impedance value.
If you do get an external DAC, make sure your digital interconnect cable is 1.5 meters long. This will reduce the jitter caused by internal reflections in the cable, and is especially critical if your transport (or DAC) uses RCA connectors, which cannot be made to a 75-ohm impedance value.