You are working as a Principal Solutions Architect for a leading digital news company which has both an on-premises data center as well as an AWS cloud infrastructure. They store their graphics, audios, videos, and other multimedia assets primarily in their on-premises storage server and use an S3 Standard storage class bucket as a backup. Their data are heavily used for only a week (7 days) but after that period, it will only be infrequently used by their customers. You are instructed to save storage costs in AWS yet maintain the ability to fetch a subset of their media assets in a matter of minutes for a surprise annual data audit, which will be conducted on their cloud storage.
Which of the following are valid options that you can implement to meet the above requirement? (Select TWO.)