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This is a name that enjoyed such heavy popularity a decade or two ago, in every conceivable spelling, that I don't think people would bat an eye one way or the other. If somebody named their kid 4@87CH%^5 and pronounced it "mik-AY-la" I don't think anybody would even question it. Whatever feels right to you is the way it should be spelled. Both are "correct".

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That being said, in North America the name just feels so... tired. The popularity surge just wore it thin for me, and my eye starts twitching when I hear it. It and the parade of McNames and Kaylee-Kylie-Keelah-etc names that followed it.