Step 1: Understand the situation.
The proton sets up an electric field at the electron's location, and that field exerts a force on the electron. We are given the field strength and the electron charge.
Step 2: Recall the meaning of electric field.
Electric field is force per unit charge, so the force on a charge placed in a field is $F = qE$.
Step 3: List the data.
$E = 5 \times 10^{11}\,\text{N C}^{-1}$ and $q = 1.6 \times 10^{-19}\,\text{C}$.
Step 4: Substitute.
$F = (1.6 \times 10^{-19})(5 \times 10^{11})$.
Step 5: Multiply the numbers.
$1.6 \times 5 = 8.0$.
Step 6: Combine the powers of ten.
$10^{-19} \times 10^{11} = 10^{-8}$, giving $F = 8 \times 10^{-8}\,\text{N}$, which is option (4).
\[ \boxed{F = 8 \times 10^{-8}\ \text{N}} \]