Preheat oven to 350 degrees F. Butter two round 8-inch pans. Cut out two rounds of parchment paper the size of the pan bottoms. Line bottoms of pans with parchment, then butter again and dust evenly with flour.
In a liquid measuring cup or medium bowl, whisk together the egg whites, whole egg, ¼ cup of the milk and the vanilla. Set aside.
In the bowl of a stand mixer fitted with the paddle attachment, mix the dry ingredients together on low speed.
Add the butter one piece at a time, about every 10 seconds. Continue to mix on low speed until the mixture is a fine crumbly texture. Add the remaining ¾ cup milk, and mix on low speed to combine. Increase the mixer to medium speed and mix for 2 minutes, scraping the side of the bowl as necessary.
Add half of the egg mixture, beat on medium speed to combine, and then add the remaining egg mixture. Use a rubber spatula to make sure the batter at the bottom of the bowl is incorporated.
Divide the batter between the two cake pans, spreading it evenly.
Bake for 25-30 minutes. Cake is done when a tester inserted into the center has just a few moist crumbs attached.
Let the cake cool in the pans for 15 minutes. Run a knife around the edge of the pans and transfer cakes to wire rack to cool completely before frosting.