Coconut Cupcakes with Coconut Cream Cheese Frosting

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Coconut Cupcakes:

2 1/2 cups cake flour

1 teaspoon baking powder

1/2 teaspoon baking soda

1 teaspoon fine salt

2 1/2 sticks (10 ounces) unsalted butter, softened

2 cups granulated sugar

5 large eggs

1 1/2 teaspoons vanilla extract

1 teaspoon coconut extract

2/3 cup buttermilk

1 1/2 cups sweetened coconut flakes

Coconut Cream Cheese Frosting:

1 cup sweetened coconut flakes, lightly toasted, for garnish

24 ounces cream cheese, softened

1 stick (4 ounces) unsalted butter, softened

2 teaspoons vanilla extract

4 cups confectioners' sugar