Step 1: Concept
Compare the given equation with the standard wave equation $E = E_0 \sin(ky + \omega t)$.
Step 2: Analysis
From the equation, the wave vector $k = 1.57$.
Step 3: Calculation
The relationship between wavelength ($\lambda$) and wave vector is $k = \frac{2\pi}{\lambda}$.
$\lambda = \frac{2\pi}{1.57} \approx \frac{2 \times 3.14}{1.57} = \frac{6.28}{1.57} = 4.0$ m.
Final Answer: (A)