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Question 150 of 159

A data engineering team stores raw ingestion files in an S3 bucket with versioning enabled to protect against accidental overwrites. Objects are frequently overwritten as corrected files arrive, so many noncurrent (previous) versions accumulate. The team wants current versions to remain instantly accessible in S3 Standard, but they want to reduce storage costs by moving noncurrent versions to a cheaper tier after 30 days and permanently deleting them after 365 days. What is the MOST cost-effective and operationally efficient way to achieve this?

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