I have to disagree with j4xx's answer.
A 1x CD rom drive only transfers 150Kb/second and gives excellent stereo sound quality without any compression.
You can go a lot lower than that and still have very acceptable quality.
Have you got one downloaded already?
If so, I'd suggest putting it through a re-sampling program to convert the file to different bitrates and see which is the lowest you find acceptable.
I think you'll be pleasantly surprised just how low you can go and still get acceptable quality for voice. I'd suggest as low as mono at 32Kbit may be acceptable for this application.
Supplement from 05/14/2008 08:12pm:
Is there an option for Variable Bit Rate (VBR)?
If so, this could be the answer; it increases the bitrate in sections where there is a lot of sound detail, and reduces it again when less quality is required. Best of both worlds.