Step 1: Understanding the Concept:
Acidity is inversely related to $pK_a$ ($pK_a = -\log K_a$). A higher $pK_a$ value indicates a weaker acid.
Step 2: Detailed Explanation:
1. Acidity and Inductive Effect: Electron-withdrawing groups (EWGs) increase acidity by stabilizing the conjugate base (carboxylate ion) via the $-I$ effect. Stronger $-I$ groups result in lower $pK_a$ values.
2. Analysis of Substituents:
- $-NO_2$ (Nitro) is a very strong EWG.
- $-CN$ (Cyano) is a strong EWG.
- $-F$ and $-Cl$ (Halogens) are significant EWGs.
3. All the substituted acids (A, B, D, E) have an EWG attached to the $\alpha$-carbon, which pulls electron density away and makes them stronger than formic acid.
4. Formic Acid ($HCOOH$): It has only a hydrogen atom attached to the carboxyl group. Hydrogen has effectively zero inductive effect compared to these groups. Therefore, $HCOOH$ is the weakest acid among the list, meaning it has the highest $pK_a$.
Step 3: Final Answer:
$HCOOH$ has the highest $pK_a$ value.