ok, this is what i would do if i had your problem. but note, i am not an acoustic pro.
go to menards (thats where i got mine from. my HD and lowes didn't have it. but ymmv. so look around)
go in the insulation area. look for rigid fiber board, 4x8x5/8"ish.
idk the name of it. but you will know it by this = you can easily break a hunk off and break it into saw dust with your hands. also, mine had a thin black coating on one side ( i have gone back since. and what they had, had a little heavier black coating on both sides

. but still ok for what you need) . about $7 each.
get 4-5 of these. and get a bunch of furing strips, 4 per panel.
now.
put 2 chairs facing the wall, to raise up the panels. on them stack a panel, then 4 strips, then a panel, then 4 strips, etc, till you use all you panels.
then do some listening/testing.
if you don't like it, just take all that back. if it does work, modify it to work/look better.