The torque acting on the hollow cylinder is given by:
\[
\tau = F R,
\]
where \( F = 52.5 \, \text{N} \) is the force, and \( R = 70 \, \text{cm} = 0.7 \, \text{m} \) is the radius.
The moment of inertia (\( I \)) of a hollow cylinder about its axis is:
\[
I = m R^2,
\]
where \( m = 5 \, \text{kg} \) is the mass of the cylinder.
The angular acceleration \( \alpha \) is given by:
\[
\alpha = \frac{\tau}{I}.
\]
Substitute \( \tau = F R \) and \( I = m R^2 \):
\[
\alpha = \frac{F R}{m R^2}.
\]
Simplify:
\[
\alpha = \frac{F}{m R}.
\]
Substitute the values:
\[
\alpha = \frac{52.5}{5 \cdot 0.7} = \frac{52.5}{3.5} = 15 \, \text{rad/s}^2.
\]
Thus, the angular acceleration of the cylinder is \( \boxed{15 \, \text{rad/s}^2} \).