With FreeRIP you can save audio CD tracks to Wav, MP3, WMA, Ogg Vorbis or FLAC audio files (this process is known as ripping).
And also you can use it for  mp3 converter and it can convert audio files from one of the named formats to another. E.G. FreeRIP can convert a WAV file to MP3 or a FLAC file to MP3, and so on.

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