While Loop Execution Trace

What is printed as a result of executing the following code segment?

int result = 1;
int base = 2;
int exponent = 5;
while (exponent > 0) {
    if (exponent % 2 == 1) {
        result *= base;
    }
    base *= base;
    exponent /= 2;
}
System.out.println(result);