You are part of a team that is setting up a movie streaming service. The company is planning on initially making available 500 movies. According to some research, the average length of a movie is 130 minutes. When the movie video files are compressed to mp4, the compressed bitrate can be chosen. The rate that has been chosen by the encoding team is 4 Mbps. What is the minimum amount of storage that is required to host the initial 500 movies? Group of answer choices