Step 1: Understanding the Concept:
This problem uses the Lagrange's Mean Value Theorem (LMVT).
The theorem relates the average rate of change over an interval to the instantaneous derivative.
Step 2: Key Formula or Approach:
LMVT formula on interval $[a, b]$: $\frac{f(b) - f(a)}{b - a} = f'(c)$ for some $c \in (a, b)$.
Here $a = 1, b = 5$. So $\frac{f(5) - f(1)}{5 - 1} \leq \max(f'(x))$.
Step 3: Detailed Explanation:
Given $f'(x) \leq 5$:
\[ \frac{f(5) - f(1)}{4} \leq 5 \]
\[ f(5) - f(1) \leq 20 \]
Substitute $f(1) = 1$:
\[ f(5) - 1 \leq 20 \implies f(5) \leq 21 \]
The maximum possible value for $f(5)$ is reached when the equality holds.
Step 4: Final Answer:
The maximum value of $f(5)$ is $21$.