String Iteration Character Count

What is the value of the variable result after the following code segment is executed?

String word = "COMPUTER";
int result = 0;
for (int i = 0; i < word.length(); i++) {
    if (word.substring(i, i + 1).equals("E") || 
        word.substring(i, i + 1).equals("U")) {
        result++;
    }
}