We are asked to find the coefficient of \( x^5 \) in the expansion of:
\[
\left( 2x^3 - \frac{1}{3x^2} \right)^5.
\]
We will use the binomial theorem to expand this expression. The binomial expansion of \( (a + b)^n \) is given by:
\[
(a + b)^n = \sum_{r=0}^{n} \binom{n}{r} a^{n-r} b^r.
\]
In this case, let:
\[
a = 2x^3, \quad b = -\frac{1}{3x^2}, \quad n = 5.
\]
Thus, the general term in the expansion is:
\[
T_r = \binom{5}{r} (2x^3)^{5-r} \left(-\frac{1}{3x^2}\right)^r.
\]
Step 1:
Simplify the general term:
\[
T_r = \binom{5}{r} 2^{5-r} x^{3(5-r)} \left( -\frac{1}{3} \right)^r x^{-2r}.
\]
This simplifies further to:
\[
T_r = \binom{5}{r} 2^{5-r} \left( -\frac{1}{3} \right)^r x^{15 - 3r - 2r}.
\]
\[
T_r = \binom{5}{r} 2^{5-r} \left( -\frac{1}{3} \right)^r x^{15 - 5r}.
\]
Step 2:
We need the coefficient of \( x^5 \). For this to occur, the exponent of \( x \) in the general term must be 5. Thus, we set:
\[
15 - 5r = 5.
\]
Solving for \( r \):
\[
15 - 5r = 5 \quad \Rightarrow \quad 5r = 10 \quad \Rightarrow \quad r = 2.
\]
Step 3:
Substitute \( r = 2 \) into the general term to find the coefficient of \( x^5 \):
\[
T_2 = \binom{5}{2} 2^{5-2} \left( -\frac{1}{3} \right)^2 x^{15 - 5(2)}.
\]
This simplifies to:
\[
T_2 = \binom{5}{2} 2^3 \left( -\frac{1}{3} \right)^2 x^5.
\]
Now calculate each part:
\[
\binom{5}{2} = 10, \quad 2^3 = 8, \quad \left( -\frac{1}{3} \right)^2 = \frac{1}{9}.
\]
Thus:
\[
T_2 = 10 \times 8 \times \frac{1}{9} x^5 = \frac{80}{9} x^5.
\]
Step 4:
The coefficient of \( x^5 \) is \( \frac{80}{9} \).
Thus, the correct answer is:
\[
\boxed{\frac{80}{9}}.
\]