If it's a WAV file created by ripping a track off a CD there is no sample rate or bit depth to set. The data on a CD is 16 bit / 44.1 kHz PCM and a WAV file is that data preceded by a header with information like number of channels (2), sample rate (44.1 kHz), bit depth (16), total number of samples, and more.
If the program allows you to set bit depth or sample rate for WAV that would mean it is resampling and you don't want to do that if your goal is to save the uncompressed PCM exactly as it is on the disc. The data will occupy approximately 10 MB per minute of stereo audio on your hard disc.
Incidentally, 'bit rate' is the rate at which bits arrive when streaming and for a 2 channel WAV (PCM) that rate is 1,411 Kbps (1.41. Mbps). Every second, 1.41 Mb will arrive for a 2 channel WAV file or looked at another way every second of a 2 channel WAV contains 1.41 Mb.
[Note: little 'b' == bits and 'B' = bytes]