Wav audio has been recorded in 24bit/96khz and re-sampled and bit conversion to 16bit/44.1khz which is CD quality standards. Audio files are licensed for commercials use nad can be utilized in movies,video games animation etc. MP3 audio has been recorded in the same process but has been converted and compressed to MP3 audio. Primarily MP3 file would be utilized in media players, email, blogs etc.
Sample below:

                                           YOUNG AND RECKLESS

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