4 eggs
2 cups sugar
1 cup vegetable oil
2 tsp. coconut flavoring
3 cups flour
1/2 tsp. baking soda
1/2 tsp. baking powder
1/2 tsp salt
1 cup buttermilk
1 cup flaked coconut
1 cup chopped walnuts (optional)
Grease and flour a 10" tube pan. Preheat oven to 325 degrees. Beat in large bowl the eggs, sugar, oil and coconut flavoring. Mix flour, soda, baking powder and salt together. Add alternating the dry ingredients and buttermilk to the egg mixture. Fold in nuts and coconut. Bake at 325 for 75 minutes.
Meanwhile, combine in sauce pan 1 cup sugar, 1/2 cup water and 2 TBS butter. Bring to a boil and boil for 5 minutes. Remove from heat and add 1 tsp. coconut extract. Pour hot syrup over top of warm bread and allow to stand for four hours before removing from pan. Can also be baked in three 7" pans for about 1 hour. Test to make sure it's cooked through.