How do you convert PCM to PWM?
There is no such thing as a PCM file. PCM is completely erroneously used to describe an uncompressed digital audio file. What it actually means is "A file which contains data that can be fed directly to a PCM device without any form of intermediate conversion".

What you have in a "PCM" WAV file is just raw sample data. After your header (usually 44 bytes) you just have 16-bit values representing your sample points, with the two channels interleaved one after the other.

Since PCM is a linear audio representation, the sample data it expects is a simple linear representation of the audio (unlike µLaw or A-law) and with no compression (such as MP3 or FLAC). And that is the exact same data that PWM expects since it too is a simple linear output.

However, none of that matters, because the Arduino simply isn't powerful enough to play your file. Maybe a smaller one (8kHz, mono, 8-bit) would be playable, but not yours. The numbers just don't add up.

There is a PCMAudio example available, but it only works from audio embedded within your program.

There is also a TMRpcm library available which plays from SD card, but is limited to 8-bit mono, though it can supposedly do up to 32kHz sample rate (though I wouldn't want to try doing anything else at all at that rate).

You would be better off using a system more geared towards audio - something with an I2S CODEC chip attached would be the best solution.