CD ripper


I have a sizable CD collection that I would like to make DSD files from. 
Looking for a decent ripper. 
I have a pair of really old Bevridge System 3 speakers that badly need restoring so my current listening setup is:

Fostex HP A8C and Fostex TH900 headphones. About to order LS50s.  Not sure if I want to go passive or powered.

Is it necessary to spend much on a high end ripper?  Trying to figure out a budget.

Thanks!
hleeid
+2 for dbpoweramp, from the guys who made the "accurate rip database possible". Better than EAC imho in everything and offer much more than simple ripping. Yes, you need to pay money and is not free as EAC.
Is it possible to convert mp3 to flac or any other cd quality files, if yes what program to use???
You can convert mp3 to flac or any other format, you just won't get any better quality and waste space. Can't recover what isn't there.
Hey Guys, a question please:  I read many of the comments on this thread and did a search for : EAC CD ripper.  What I found were a no. of sites that offered downloads, but also, I found many COMPLAINTS about forced adds and some people even said that their browsers were modified. Will those of you who have used the EAC product weigh in on these issues.Thanks in advance