Where are model store files located in Microsoft Dynamics AX 2012 R3?

Where are model store files located in Microsoft Dynamics AX 2012 R3?
A. in the Microsoft Dynamics AX 2012 database running on Microsoft SQL Server
B. in a shared folder on each client computer
C. in a shared folder on the network that each Application Object Server (AOS) can access
D. in a separate model store database running on Microsoft SQL Server

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