Update to NPM 8 and Node 16

[AndrewGable]

Problem

We have countless issues running npm 6 and npm 14:

• Issues running on M1 machines
• Issues upgrading react native versions

Solution

Update internally and this codebase to run on NPM 8 and Node 16.

[AndrewGable]

Here is my first attempt at doing this: #9867

However, this PR got way to large, so I am going to instead break this PR up into smaller chunks.

[parasharrajat]

Long awaited change. Thanks

[AndrewGable]

PR in review