Official solution
\[L+M = \left(\sin^2\tfrac\pi{16}+\cos^2\tfrac\pi{16}\right) - 2\sin^2\tfrac\pi8 = 1-2\sin^2\tfrac\pi8 = \cos\tfrac\pi4 = \frac1{\sqrt{2}}\]
\[M-L = \cos^2\tfrac\pi{16}-\sin^2\tfrac\pi{16} = \cos\tfrac\pi8\]
Solving simultaneously:
\[M = \frac12\left(\frac1{\sqrt{2}}+\cos\tfrac\pi8\right) = \frac1{2\sqrt{2}}+\frac12\cos\tfrac\pi8, \qquad L = \frac1{2\sqrt{2}}-\frac12\cos\tfrac\pi8\]