Step 1: When a carrier of antenna current \(I_c\) is amplitude modulated to depth \(m\), the total antenna current rises to \[I_t = I_c\sqrt{1 + \frac{m^{2}}{2}}.\]
Step 2: Take the ratio of the currents: \[\frac{I_t}{I_c} = \frac{5.9}{5} = 1.18.\]
Step 3: Square both sides: \[1 + \frac{m^{2}}{2} = (1.18)^{2} = 1.3924.\]
Step 4: Solve for \(m^2\): \[\frac{m^{2}}{2} = 0.3924 \;\Rightarrow\; m^{2} = 0.7848 \;\Rightarrow\; m = 0.886.\]
Step 5: As a percentage the depth of modulation is about \(88.6\%\), option (B). \[\boxed{m \approx 88.6\%}\]