Educated(?) guess
I've never flown a Navajo, nor have I flown in more than eight years, but I wanna try it.
I would use the ABCs of emergencies, as modified for this situation. Of course, the ABCs, as taught to ME by one of my CFI students, are the following:
A = Airspeed
B = Best place to land
C = Carburetor Heat
Obviously no carb heat. I can't remember if Navajos have injected engines; in that case, alternate air. But it doesn't matter in this instance.
I'd realize my predicament, set up minimum sink airspeed as Avbug stated, and fly the airplane. I'd see what's ahead, maneuver as little as possible, and choose the best place to land. I would secure the engines and shut down the electrics and try to set the airplane down as gently as possible, gear up, even with land. I would not try radical turns because I would sacrifice what little lift I have.
I would not attempt the classic turn back to the runway turn in that airplane or, for that matter, even a light, light wing-loaded single.
I suspect this won't be the SimCom answer, but it's mine.