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Coconut Creamsicle Margaritas

2 ounces grand marnier 2 ounces orange juice 1 ounces silver tequila 1 ounce lime juice 1 ounce coconut water 1 ounce canned light coconut milk 1 ounce simple syrup unsweetened shredded + toasted coconut for glass rims orange + lime slices for serving