The bitrate of a stereo .wav file with 16-bit audio data sampled 44100 times per second:

16 * 44100 * 2 = 1411 kbps

Where did the 2 come from?

The "2" in the equation represents the number of channels in a stereo audio file. In stereo sound, there are typically two channels, one for the left speaker and one for the right speaker. Each channel carries separate audio data, hence the multiplication by 2 in the equation.