As has been mentioned above by Eric Shain the correct answer is to take the partial with respect to y= CL and equate it to zero. Let's Call the max L/D, M.
$$M = \frac{C_L}{C_D} = \frac{C_L}{C_{D_0} +K*C_L^2}, \quad C_{D_0}=0.015\ and\ K=0.05 $$
$$ \frac{\partial M}{\partial C_L} =\ \frac{\partial}{\partial C_L}
[ \frac{C_L}{0.015 +0.05*C_L^2}]\ =\quad \frac{[0.015 + 0.05*C_L^2
]-C_L [0 + 2(0.05)C_L^2]}{[0.015 + 0.05*C_L^2
]^2} =0$$
$$ \Rightarrow 0.015- 0.05C_L^2=0\\ C_L^2=0.015/0.05=0.3\\C_{L_M}=\sqrt{0.3} \quad and\ C_{D_M}= 2*C_{D_0}=0.03$$
And $$M=\frac{C_{L_M}}{C_{D_M}}= \frac{\sqrt{0.3}}{0.03}=18.257$$
Maximum lift to drag ratio is 18.257. please double check my arithmetic, but it looks correct.
Edit
The following is a quote from Wikipedia on lift to drag ratio.
A House sparrow has a 4:1 L/D ratio, a Herring gull a 10:1 one, a Common tern 12:1 and an Albatross 20:1, to be compared to 8.3:1 for the Wright Flyer to 17.7:1 for a Boeing 747 in cruise.[4] A cruising Airbus A380 reaches 20:1.[5] The Concorde at takeoff and landing had a 4:1 L/D ratio, increasing to 12:1 at Mach 0.95 and 7.5:1 at Mach 2.[6] A Helicopter at 100 kn (190 km/h) has a 4.5:1 L/D ratio.[7] A Cessna 172 glides at a 10.9:1 ratio.[8] A cruising Lockheed U-2 has a 25.6 L/D ratio.[9] The Rutan Voyager had a 27:1 ratio and the Virgin Atlantic GlobalFlyer 37:1