FreeRIP is developed or distributed by MGShareware and is licensed as freeware. Extract audio tracks from CD to Wav/Ogg/MP3 files. Convert/Encode audio files. FreeRip is a free and easy-to-use application that can record digital audio tracks directly from compact discs to PC files. You can save CD audio tracks to CD-quality WAV files or encode them to OGG Vorbis or MP3 compressed audio format. It can also convert/encode audio files from/to Wav/MP3/Ogg formats. FreeRip also lets you adjust track volume and it supports Freedb and ID3 tagging so you can automatically download CD track information and it them in the encoded file.
Moreover FreeRIP includes a music search bar.
This software is distribute as FREEWARE so it is free to use....