Best Coconut Cake with Cream Cheese Frosting

Ingredients

• ¾ cup canned unsweetened coconut milk
• 6 large egg whites, (at room temperature)
• 1 teaspoon vanilla extract
• 1 teaspoon coconut extract
• 2 cups all-purpose flour, (spooned into measuring cup and leveled off)
• 1½ cups sugar
• 2 teaspoons baking powder
• ½ teaspoon salt
• 12 tablespoons (1½ sticks) unsalted butter, at room temperature
• 12 oz cream cheese, (at room temperature)
• 8 tablespoons (1 stick) unsalted butter, at room temperature
• ½ teaspoon coconut extract
• Pinch salt
• 4 cups confectioners' sugar
• 1½ cups sweetened flaked coconut