Preheat the oven to 350°F. Oil spray and flour dust 3X6 or 2X8 inch pan. Set aside.
Mix all the dry ingredients and set them aside.
2⅔ cup All purpose flour, 4 teaspoon Baking powder, ½ teaspoon Salt
Mix the coconut milk and the milk in a bowl and set aside.
½ cup Coconut milk, 1 cup Milk
Set the stand mixer on whisk attachment and beat the oil, batter, and sugar until light and fluffy.
1½ cup Sugar, ½ cup Butter, ¼ cup Oil
Add the eggs one at a time. Add vanilla extract and coconut extract.
2 Eggs, 1 tablespoon Vanilla extract, ½ teaspoon Coconut extract
Using a spatula, mix in the dry ingredients alternating with the milk mixture. Start and finish with the dry ingredients.
Put the bowl back into the stand mixer, and mix for 10 seconds until all ingredients are incorporated. DO NOT OVERMIX.
Bake for 30-35 minutes. Let cool for 10 minutes and then flip to a cooling rack. Coo completely before frosting.