Preheat the oven to 375°F. Grease a 15x10 inch pan.
In a medium mixing bowl, mix together cake ingredients until smooth. Pour into prepared pan.
Bake 20-24 minutes, until a toothpick comes out clean.
While the cake is cooking prepare the icing. Combine sugar, butter, and evaporated milk and boil. Reduce heat and simmer for 10 minutes. Stir in the coconut.
Pour icing over hot cake. Spread pecans on top. Cool and serve.