Solution:
Consider the homothety centered at N that maps the circle k to the circle BCN; let it map the point P to P1. The tangent to the circle BCN at P1 is parallel to the tangent to k at P, i.e. to the line BC, which means that P1 is the midpoint of the arc BC of the circle BCN. Hence, NP is the bisector of the angle CNB, so CNBN=CPBP. Moreover, by Menelaus's theorem we have MCBM=RABR⋅QCAQ=PCBP=NCBN, so NM is the external bisector of the angle CNB.

Therefore, N lies on the circle with diameter MP, and L is the foot of the perpendicular from M to AP. It remains to prove that MS⊥AP.
Let L′ be the foot of the perpendicular from S to AP. The points A,L′,Q,R,S lie on a circle ω with diameter AS. Inversion with respect to k maps the circles ω and SPL′ to the lines QR and BC, respectively, so it maps the point L′ to M. Therefore, M lies on the line SL′, from which the claim follows (and L′≡L).