\(M=1+5+5^2+...+5^{2005}\)
\(\Rightarrow5M=5+5^2+5^3+...+5+5^{2006}\)
\(\Rightarrow5M-M=\left(5+5^2+...+5^{2006}\right)-\left(1+5+...+5^{2005}\right)\)
\(\Rightarrow5M-M=4M=5^{2006}-1\Rightarrow M=\frac{5^{2006}-1}{4}\)
\(\frac{N}{4}=\frac{5^{2006}}{4}>\frac{5^{2006}-1}{4}=M\Rightarrow M< \frac{N}{4}\)