First, your CDs store data in 44.1KHz/16-bit. You can't rip them at higher or there is no point doing that.
Second, you'll have to decide how to store your media files. If you want to store it in a server, you can put in a UPNP server on top of it and use BubbleUNP on the android phone to cast it. You can also use Plex and then cast it from Plex on chrome. If you store it on the phone, I believe Google Play will work.