Find the output of the following Python program:
def makenew(mystr):
newstr = " "
count = 0
for i in mystr:
if count%2 !=0:
newstr = newstr+str(count)
else:
if islower(i):
newstr = newstr+upper(i)
else:
newstr = newstr+i
count +=1
newstr = newstr+mystr[:1]
print "The new string is :",newstr
makenew(“sTUdeNT")
