For a field K, let $\mathcal {R}$ denote the Jacobson algebra $K\langle X, Y \ | \ XY=1\rangle $ . We give an explicit construction of the injective envelope of each of the (infinitely many) simple left $\mathcal {R}$ -modules. Consequently, we obtain an explicit description of a minimal injective cogenerator for $\mathcal {R}$ . Our approach involves realizing $\mathcal {R}$ up to isomorphism as the Leavitt path K-algebra of an appropriate graph $\mathcal {T}$ , which thereby allows us to utilize important machinery developed for that class of algebras.