I know that it holds for $n=5$, so the first step is done.
For the second step, my IH is: $4^n > n^4$, and I must show that $4^{n+1} > (n+1)^4$. I did as follows:
$4^{n+1} = 4*4^n > 4n^4$, and if I show that $4n^4 > (n+1)^4$ holds for $n\geq 5$ I'm done, so I expand the right hand side and arrive to:
$$4n^4 > n^4 + 4n^3 + 6n^2 + 4n + 1$$
And this holds iff: $$3n^4 - 4n^3 - 6n^2 - 4n - 1 >0$$ And here I'm stuck, I don't really know how to show that the given inequality holds. Any hints?